eVTOL
EHang Holdings Limited has announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022. Financial Results for Fiscal Year 2022 Revenues Total revenues were down to US$ 6.4M, compared with US$ 8.3M in 2021, primarily due to the decrease in the sales
AI
Israel Aerospace Industries Ltd. and Windward Ltd. have signed a teaming agreement that will provide the maritime community with enhanced autonomy and Artificial Intelligence (AI) capabilities through the use of persistent surveillance unmanned aerial systems (UAS). The newly-integrated capability will utilize Windward’s AI technology as part of the Heron
Business
Unmanned aerial vehicle (UAV) engine developer Orbital Corporation has received a A$2.08 million continuation contract with its major Singapore customer for the Design and Development and Verification and Validation phase of the principal engine development contract signed in July 2022. It’s another positive milestone in the new
Business
Kratos Unmanned Aerial Systems Inc., Sacramento, California, is awarded an $11,123,211 modification (P00001) to a firm-fixed-price contract (N0001923C0021). This modification provides for the production and delivery of 15 additional full rate production Lot 4 BQM-177A surface launched aerial targets. Work is to include associated rocket-assisted takeoff attachment kits,
Business
Qii.AI, the provider of AI-assisted digital inspection software, announced that it has entered into a license and AI customization agreement with Canada’s Naval Engineering Test Establishment (“NETE”) to provide the Qii platform for use in the Royal Canadian Navy’s ship inspection program. Using the Qii.AI system,
Business
PrecisionHawk and European technology company Field have merged, bringing world-leading geospatial data analysis solutions to the US infrastructure and energy sectors and beyond. Field is a European leader in digital reality services working with premium clients across the infrastructure, construction, environment, and public sectors. The partnership complements the two companies&
eVTOL
Dufour Aerospace, the Swiss eVTOL company, and Swiss Helicopter AG, Switzerland’s leading helicopter company, announced that they have signed a Letter of Intent for the purchase of two Aero2 and one Aero3 tilt-wing aircraft. This purchase represents a significant step for Dufour Aerospace as now all major Swiss civil
Business
Last week Parrot group reported 64% growth. That might come as a bit of a surprise to many owners of Parrot drones, since the company 'finalized' sales of consumer drones in 2021 but in fact Parrot – and the Anafi brand – is still very much in business, and made
Transport
Drone Delivery Canada Corp. has announced that, with the assistance of its sales agent Air Canada, it has signed a contract with the Canadian Government to work with Transport Canada in operating and evaluating DDC’s proprietary drone delivery platform using DDC’s heavy-lift Condor remote piloted aircraft, the largest
Business
Aeronautics Group - a manufacturer of comprehensive defense solutions focused on Unmanned Aerial Systems (UAS), for the global defense & HLS markets, has signed a collaboration agreement with one of the leading defense companies in Thailand, RV Connex, for in-country production of the tactical UAV, Orbiter 4. Local production will
Business
The AeroVironment plant in Petaluma, Sonoma County, California, that builds aerial drones for an East Coast defense and law enforcement contractor plans to trim its local workforce further than cuts disclosed earlier this year. In a March 6 state filing, AeroVironment said that it plans to permanently lay off 62
Business
Verity AG (Verity), creators of the first commercially successful inventory tracking solution powered by fully autonomous indoor drones, today announced completion of a 30M CHF ($32M USD) Series B funding round. The investment was led by A.P. Moller Holding with participation from Exor Ventures and existing and new investors.