Indian unmanned aerial systems (UAS) developer EndureAir Systems has secured funding worth INR 135 million (USD1.7 million) from private investors. Continue reading
Category Archives: Business News
Leonardo to Develop VTOL UAV for UK Royal Navy
The UK Royal Navy is moving a step closer to operating crewless helicopters. The UK MoD has awarded a £60 million contract to Leonardo to design and develop a cutting-edge uncrewed helicopter. Continue reading
Shield AI’s V-BAT Selected for DoD’s APFIT Pilot Program
Shield AI, a defense technology company building AI pilots for aircraft, announced its inclusion in the first set of projects selected to receive funding for the Office of the Under Secretary of Defense for Research and Engineering’s (OUSD(R&E)) pilot program to Accelerate the Procurement and Fielding of Innovative Technologies, also known as APFIT. Continue reading
Honeywell, Hanwha Systems to Collaborate on Urban Air Mobility Development in South Korea
Honeywell and Hanwha Systems announced the signing of a memorandum of understanding (MOU) to collaborate on unmanned aerial systems and urban air mobility (UAS/UAM) technology development in South Korea. Continue reading
Airbus Launches Business to Commercialize HAPS
Airbus has launched a connectivity services business through the creation of a dedicated HAPS Services Business based around Zephyr, Airbus’ leading HAPS technology platform. Continue reading
Chinese Drone Maker Lobbies to Defeat US National Security Ban
China’s blacklisted DJI is battling to take care of its dominance of the US drone market by lobbying Congress to dam a invoice barring the federal authorities from shopping for its unmanned plane. Continue reading
Bristow to Order 100 Chaparral VTOL Aircraft from Elroy Air
Bristow Group Inc., a global provider of innovative and sustainable vertical flight solutions, has signed a Letter of Intent (LOI) with Elroy Air to pre-order 100 Chaparral hybrid-electric cargo VTOL aircraft. Continue reading
Virginia UAS Grid Maintenance Firm Gets Additional Investment
Virginia Venture Partners, the equity investment program of Virginia Innovation Partnership Corporation (VIPC), announced an additional investment in Richmond, Va.-based Linebird, developer of a solution that addresses the safety concerns of grid maintenance and monitoring with unmanned aerial systems (UAS). Continue reading