General Atomics Aeronautical Systems plans to lay off 376 workers from its Poway and San Diego facilities. Continue reading
Category Archives: Business News
Lockheed Martin Invests in Electric Seagliders from Regent
REGENT, the pioneer in electric seaglider manufacturing, has received a strategic investment from Lockheed Martin Ventures, the venture arm of Lockheed Martin, a global leader in defense and aerospace technology, to expedite the development of seagliders for defense missions. Continue reading
Aeronautics Gets Orbiter 2 Mini UAS Array Mid-Life Upgrade Contract from Finnish Defense Forces
Aeronautics Ltd. has announced that it has recently signed a mid-life upgrade contract with the Finnish Defense Forces (FDF) for its existing Orbiter 2 Mini UAS array. Continue reading
EHang Fiscal Year 2022 Financial Results – Revenues & Profits Down
EHang Holdings Limited has announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022. Continue reading
IAI Integrates Windward Maritime AI Insights with Heron System
Israel Aerospace Industries Ltd. and Windward Ltd. have signed a teaming agreement that will provide the maritime community with enhanced autonomy and Artificial Intelligence (AI) capabilities through the use of persistent surveillance unmanned aerial systems (UAS). Continue reading
Orbital Corp Gets $1.4M Contract Continuation for UAV Engine
Unmanned aerial vehicle (UAV) engine developer Orbital Corporation has received a A$2.08 million continuation contract with its major Singapore customer for the Design and Development and Verification and Validation phase of the principal engine development contract signed in July 2022. Continue reading
Kratos Gets $11M US Navy BQM-177A Target Contract
Kratos Unmanned Aerial Systems Inc., Sacramento, California, is awarded an $11,123,211 modification (P00001) to a firm-fixed-price contract (N0001923C0021). This modification provides for the production and delivery of 15 additional full rate production Lot 4 BQM-177A surface launched aerial targets. Continue reading
