Military
Rapid Expeditionary Concepts, a U.S. based system integrator has announced a prime contract award from the U.S. Department of Defense for the purchase of Alpha 900 unmanned helicopter systems manufactured by Alpha Unmanned Systems, SL (Madrid, Spain) for integration, test, evaluation, and deployment. Rapid Expeditionary Concepts is responsible
Business
General Atomics Aeronautical Systems plans to lay off 376 workers from its Poway and San Diego facilities. The company filed a Worker Adjustment and Retraining Notification Act (WARN) documentation with local and state employment officials this week detailing the job cuts, which become effective June 5. California law requires companies
Business
REGENT, the pioneer in electric seaglider manufacturing, has received a strategic investment from Lockheed Martin Ventures, the venture arm of Lockheed Martin, a global leader in defense and aerospace technology, to expedite the development of seagliders for defense missions. REGENT seagliders are a new category of maritime vehicle that combine
Business
Aeronautics Ltd. has announced that it has recently signed a mid-life upgrade contract with the Finnish Defense Forces (FDF) for its existing Orbiter 2 Mini UAS array. Under the terms of the contract, Aeronautics will provide the FDF with a comprehensive mid-life upgrade package that includes a full suite of
Business
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
Business
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
Targets
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,
Inspections
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