Business
The European Investment Bank (EIB) will provide a €40 million (USD 44 M) quasi-equity investment into Wingcopter GmbH, a European pioneer in unmanned delivery drone technology and related services. Founded in 2017 in the German state of Hesse, Wingcopter’s electrically powered unmanned aircraft are already delivering goods as
Business
TEKEVER, a European manufacturer of advanced Unmanned Aerial Systems (UAS), has signed a contract with Phoenix Heli-Flight, a Canadian helicopter charter company, to assist in the monitoring and assessment of critical oil and gas infrastructure. This new contract represents an important landmark in TEKEVER’s expansion into the North
Business
Sustainable Skylines, the aerial drone advertising and data analytics company, announced a $1M pre-seed funding round in preparation for its initial launch. Sustainable Skylines is the first to market large-scale drone advertising company, driving innovation around antiquated aerial advertising practices by using sustainable technology and in-depth data
Business
Supernal and Inmarsat announced a partnership to define the application of satellite connectivity in Advanced Air Mobility (AAM). Together, the companies will conduct testing and data sharing to optimise hardware and network systems, which will lead to the safe and efficient integration of electric vertical takeoff and landing (eVTOL) vehicles
Business
Empirical Systems Aerospace, Inc. (ESAero), a supplier of electric aircraft technologies, and Intelligent Energy Limited (IE), a manufacturer of lightweight hydrogen fuel cells for flight, have signed a distributor agreement for ESAero to represent the IE-SOAR fuel cell product line on fixed wing, rotary wing and vertical take-off
Business
Red Cat Holdings, Inc. , a military technology company integrating robotic hardware and software to protect and support the warfighter, announced that subsidiary Teal Drones will partner with Doodle Labs on Teal’s sUAS prototype for the U.S. Army’s Short Range Reconnaissance (SRR) program.Teal is one of only
Transport
Toyota Motor-affiliated supplier Jtekt has funded a venture developing a drone for airlifting cargo to hard-to-reach areas and disaster sites. Prodrone, based in Nagoya, is working on a "flying minitruck" slated to carry 50 kilograms for 50 kilometers. The size of Jtekt's capital
Business
The funding, revealed in a filing, shows that the logistics company priced a $330 million Series F funding round in April. In a market environment where few startup unicorns have raised funding at higher valuations, drone delivery startup Zipline is an exception. The South San Francisco-based company is raising
Business
In an industry first, Britten-Norman, manufacturers of the iconic Islander aircraft, and Cranfield Aerospace Solutions (CAeS), pioneers in hydrogen-electric fuel cell propulsion technology, have signed a Heads of Terms agreement, signaling their intention to merge and to create the world’s first fully integrated, zero-emissions sub regional
Military
Northrop Grumman Systems Corp., San Diego, California, is awarded a $16,555,982 cost-plus-fixed-fee order (N0001923F0436) against a previously issued basic ordering agreement (N0001920G0005). This order provides for non-recurring engineering in support of the redesign of the MQ-4C Triton aircraft Broad Area Maritime Surveillance Airborne
Business
AeroVironment, Inc. has been awarded a $10 million contract by NASA’s Jet Propulsion Laboratory (JPL) to co-design and co-develop conceptual designs and engineering development units of Mars Sample Recovery Helicopter flight systems. Future efforts could include detailed design, build, and test of qualification and flight hardware. The
Military
General Atomics Aeronautical Systems Inc., Poway, California, has been awarded a not-to-exceed $217,615,343 undefinitized contract action for Taiwan MQ-9B SkyGuardian procurement. This contract provides for four MQ-9B unmanned air vehicles, two Certifiable Ground Control Stations, spares and support equipment. Work will be performed in