Toyota Motor-affiliated supplier Jtekt has funded a venture developing a drone for airlifting cargo to hard-to-reach areas and disaster sites. Continue reading
Category Archives: Business News
Drone Delivery Startup Zipline Boosts Valuation to $4.2 Billion
New UK Green Aircraft Business Formed in Pursuit of Hydrogen Fuel
In an industry first, Britten-Norman, manufacturers of the iconic Islander aircraft, and Cranfield Aerospace Solutions (CAeS), pioneers in hydrogen-electric fuel cell propulsion technology, have signed a Heads of Terms agreement, signaling their intention to merge and to create the world’s first fully integrated, zero-emissions sub regional aircraft for entry into service in 2026. Continue reading
Northrop Grumman Gets US Navy $16M MQ-4C Triton BAR Contract
Northrop Grumman Systems Corp., San Diego, California, is awarded a $16,555,982 cost-plus-fixed-fee order (N0001923F0436) against a previously issued basic ordering agreement (N0001920G0005). Continue reading
AeroVironment Gets $10M NASA/JPL Contract for Two Helicopters for Mars Sample Return Mission
AeroVironment, Inc. has been awarded a $10 million contract by NASA’s Jet Propulsion Laboratory (JPL) to co-design and co-develop conceptual designs and engineering development units of Mars Sample Recovery Helicopter flight systems. Future efforts could include detailed design, build, and test of qualification and flight hardware. Continue reading
General Atomics Gets $217M MQ-9B SkyGuardian Contract for Taiwan
General Atomics Aeronautical Systems Inc., Poway, California, has been awarded a not-to-exceed $217,615,343 undefinitized contract action for Taiwan MQ-9B SkyGuardian procurement. Continue reading
Estonia to Acquire Long-Range Loitering Munitions from Israel Aerospace Industries
The Republic of Estonia has signed an agreement with Israel Aerospace Industries (IAI) to procure advanced long-range loitering munitions, making it the one of the most expensive defense procurement Estonia has ever made. The procurement of long-range loitering munitions aims to strengthen Estonia’s defenCe capability by significantly increasing its indirect fire capabilities. Continue reading
Putin Announces $6M Investment During Moscow Drone Center Visit
On Thursday April 27th, Russia’s President Putin visited the Rudnevo Industrial Park, where drones are being manufactured, to hold a meeting on the development of unmanned aviation. During the visit, Putin called the Rudnevo park “the new industrial face of Moscow.” Continue reading