FLIR Unmanned Aerial Systems, Hvalstad, Norway, was awarded a $93,889,000 firm-fixed-price contract for Black Hornet 3 unmanned aerial systems, spare parts and ancillary services. Continue reading
Category Archives: Business News
Pinnacle Reduces Stake in AeroVironment, Prompting Investor Interest
The world of aerospace technology is constantly evolving and companies like AeroVironment (NASDAQ:AVAV) are at the forefront of unmanned aircraft systems and electric transportation solutions. However, recent news suggests that Pinnacle Associates Ltd. has reduced its position in AeroVironment by 2.2% during the fourth quarter. This drop in shares may be intriguing for those who want to know more about the company’s financial performance. Continue reading
BlueHalo Acquires Verus Technology Group
BlueHalo, a provider of critical capabilities and technologies across Space, Air, and Cyber domains, has announced it has acquired Verus Technology Group, Inc.. Continue reading
US Government to Purchase Alpha 900 Helicopter UAVs
Rapid Expeditionary Concepts, a U.S. based system integrator has announced a prime contract award from the U.S. Department of Defense for the purchase of Alpha 900 unmanned helicopter systems manufactured by Alpha Unmanned Systems, SL (Madrid, Spain) for integration, test, evaluation, and deployment. Continue reading
General Atomics Plans 376 Job Cuts in the San Diego Region
General Atomics Aeronautical Systems plans to lay off 376 workers from its Poway and San Diego facilities. Continue reading
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