PrecisionHawk and European technology company Field have merged, bringing world-leading geospatial data analysis solutions to the US infrastructure and energy sectors and beyond. Continue reading
Category Archives: Business News
Swiss Helicopter to Purchase Tilt-Wing eVTOLs from Dufour Aerospace
Dufour Aerospace, the Swiss eVTOL company, and Swiss Helicopter AG, Switzerland’s leading helicopter company, announced that they have signed a Letter of Intent for the purchase of two Aero2 and one Aero3 tilt-wing aircraft. Continue reading
Parrot Drops Consumer Drones… and Profits Soar
Last week Parrot group reported 64% growth. That might come as a bit of a surprise to many owners of Parrot drones, since the company ‘finalized’ sales of consumer drones in 2021 but in fact Parrot – and the Anafi brand – is still very much in business, and made over €70M in 2022. Continue reading
Drone Delivery Canada Gets Government Contract for Heavy-Lift Drone Trials
Drone Delivery Canada Corp. has announced that, with the assistance of its sales agent Air Canada, it has signed a contract with the Canadian Government to work with Transport Canada in operating and evaluating DDC’s proprietary drone delivery platform using DDC’s heavy-lift Condor remote piloted aircraft, the largest drone currently being developed by DDC. Continue reading
Aeronautics Orbiter 4 to be Produced in Thailand
Aeronautics Group – a manufacturer of comprehensive defense solutions focused on Unmanned Aerial Systems (UAS), for the global defense & HLS markets, has signed a collaboration agreement with one of the leading defense companies in Thailand, RV Connex, for in-country production of the tactical UAV, Orbiter 4. Continue reading
More Job Cuts Planned at AeroVironment Plant in San Francisco Bay Area
The AeroVironment plant in Petaluma, Sonoma County, California, that builds aerial drones for an East Coast defense and law enforcement contractor plans to trim its local workforce further than cuts disclosed earlier this year. Continue reading
Verity Raises $32M as IKEA Deploys its Inventory Drones
Verity AG (Verity), creators of the first commercially successful inventory tracking solution powered by fully autonomous indoor drones, today announced completion of a 30M CHF ($32M USD) Series B funding round. The investment was led by A.P. Moller Holding with participation from Exor Ventures and existing and new investors. Continue reading
Angola Buys Aksungur Combat Drone from Turkey
Angola has recently purchased the Aksungur combat drone from Turkey, a move that is sure to bolster the country’s defense capabilities. Continue reading