Category Archives: Business News

IAI and Hankuk Carbon Sign Hybrid UAV Joint Venture

Moon-Soo Cho, CEO from Hankuk Carbon and Shaul Shahar, IAI EVP and General Manager of IAI’s Military Aircraft Group

Israel Aerospace Industries and Hankuk Carbon from Korea have signed an agreement for establishing a joint venture company in the Republic of Korea. The signing ceremony was held during the International Aerospace and Defense Exhibition (ADEX) 2017 in Seoul. Continue reading

AeroVironment Gets $2.5M U.S. Navy Contract to Continue and Expand Blackwing Program

AeroVironment, Inc. has announced the receipt of a contract award from the United States Navy on September 29, 2017 for continuation and expansion of its Blackwing small Unmanned Aerial Vehicles (UAV) program. The contract includes orders for multiple Blackwing vehicles, sensor payloads and refurbishment kits for a total value of $2,578,822. The initial set of vehicles are anticipated for delivery by May 2018, and final delivery anticipated by November  2018. Continue reading