Brazilian technology group Akaer has entered into a partnership agreement with Saudi group Intra Defense Technologies for developing large unmanned aerial vehicles (UAVs) in the country. Continue reading
Category Archives: Business News
Spain Invests €27M in Hypersonic Hydrogen-Powered Jet Technology
Swiss startup Destinus sets its eyes on building a hypersonic airplane fueled with hydrogen that blazes from city to city in a blink of an eye with less emission. The hypersonic plane speeds through velocities more than five times the speed of sound. ‘You can reach the other side of the world in three to four hours without compromising on versatility, cost, or noise,’ says Destinus. In fact, the airplane team says that flying from Frankfurt to Sydney can be cut down to only four hours and 15 minutes instead of the usual 20 hours. Continue reading
Nasdaq Threatens to Delist German Air Taxi Developer Lilium
The US technology exchange Nasdaq has sent a threatening letter to the German air taxi start-up Lilium. The background is the deep fall of the stock. The board is now considering a radical step. Continue reading
FLIR Gets $94M US Army Black Hornet Contract
FLIR Unmanned Aerial Systems, Hvalstad, Norway, was awarded a $93,889,000 firm-fixed-price contract for Black Hornet 3 unmanned aerial systems, spare parts and ancillary services. Continue reading
Pinnacle Reduces Stake in AeroVironment, Prompting Investor Interest
The world of aerospace technology is constantly evolving and companies like AeroVironment (NASDAQ:AVAV) are at the forefront of unmanned aircraft systems and electric transportation solutions. However, recent news suggests that Pinnacle Associates Ltd. has reduced its position in AeroVironment by 2.2% during the fourth quarter. This drop in shares may be intriguing for those who want to know more about the company’s financial performance. Continue reading
BlueHalo Acquires Verus Technology Group
BlueHalo, a provider of critical capabilities and technologies across Space, Air, and Cyber domains, has announced it has acquired Verus Technology Group, Inc.. Continue reading
US Government to Purchase Alpha 900 Helicopter UAVs
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. Continue reading
General Atomics Plans 376 Job Cuts in the San Diego Region
General Atomics Aeronautical Systems plans to lay off 376 workers from its Poway and San Diego facilities. Continue reading