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
Category Archives: Business News
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
Greece Budgets $400M for Three MQ-9B SeaGuardians
On July 4th the Greek Parliament’s House arms contracts committee approved new arms programs, one of which is the acquisition of the MQ-9B SeaGuardian with a budget of $400 million. Continue reading
Volunteers Buy Latvian Drones for Ukrainian Army
The Kyiv-based Come Back Alive foundation announced on Friday that it has signed a contract with Latvian unmanned aircraft system UAS designer and manufacturer Atlas for 300 drones. Continue reading
Orbital UAV is Heading for a Loss of Around $5M
Perth unmanned aerial vehicle engine manufacturer Orbital UAV is heading for a loss of around AUD 7 million (USD 4.75M) for FY 22 due to issues with its dominant customer, Boeing subsidiary Insitu. Continue reading