Category Archives: Business News
Greece to Produce Own Loitering Munition System IRIX
Greek state defence company, Hellenic Defence Systems (EAS) and Paramount Industries Greece have signed a strategic partnership for the local production of next generation, long-range loitering munitions, in a significant move to embolden the Greek defence industry’s indigenous manufacturing capabilities. Continue reading
Ukraine Purchases Drones from Peru Jointly Produced with China
Peruvian company Diseños Casanave has sold its CW-40D intelligence, surveillance, and reconnaissance (ISR) unmanned aircraft system (UAS) to the armed forces of Ukraine and Peru. Continue reading
DroneUp, Wonder Robotics Collaborate on Delivery Operations
DroneUp, an autonomous drone delivery provider, and Wonder Robotics, an Israeli startup for autonomous solutions for drones and eVTOLs, completed a successful initial operational evaluation on DroneUp’s drone platform to achieve a higher level of autonomy and safety. Continue reading
European Investment Bank Provides €40M for Wingcopter to Scale Up Drone Delivery Services
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. Continue reading
TEKEVER Gets Oil & Gas Market Contract in North America
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. Continue reading
Sustainable Skylines Raises $1M to Launch Large-Scale Drone Advertising Operations
Sustainable Skylines, the aerial drone advertising and data analytics company, announced a $1M pre-seed funding round in preparation for its initial launch. Continue reading
Supernal and Inmarsat Partner on Advanced Air Mobility Vehicle Connectivity
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 into the airspace. Continue reading