Category Archives: Business News

Packet Digital to Develop High-Performance Battery Systems for US Naval Drone Fleet

Packet Digital announced that it has been awarded an $8.5 million contract to develop unmanned aircraft systems (UAS) smart batteries, chargers, and power systems for the United States Navy. Packet Digital is now responsible for designing and manufacturing high-performance UAS battery systems for the next generation of Navy Maritime Logistics UAS. Continue reading

Ukraine Orders Additional 105 Surveillance Drones from Quantum-Systems

Quantum-Systems GmbH, an aerial intelligence company that provides multi-sensor data collection drones to government agencies and commercial customers, announced that it will deliver 105 additional long-endurance reconnaissance drones type Vector in military support of Ukraine’s armed forces, funded by the German Government. Continue reading

Purchase Demand for Elroy Air’s Chaparral Drone Tops $2BN

Elroy Air, the company developing an end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system, has signed an agreement with LCI, a leading aviation company and a subsidiary of Libra Group for commitments to purchase up to 40 of the company’s Chaparral vertical take-off and landing (VTOL) aircraft, with deposits paid for the first 20 vehicles. Continue reading