Category Archives: Business News

Anduril Faces Setbacks from Drone Crashes

A U.S. military plane soared over Florida’s Eglin Air Force Base earlier this month and released a drone made by the defence tech giant Anduril Industries to test whether it could take flight and conduct surveillance. The drone – a winged model known as Altius – nosedived 8,000 feet into the ground, according to an Air Force test summary, reported here for the first time. Continue reading

Chinese Businessman Takes 5% Stake in Sanctioned Russian Drone Maker, then Russia Deletes the Evidence

A Chinese drone parts supplier has taken an ownership stake in one of Russia’s most important military drone manufacturers, according to a bombshell Financial Times investigation just published. The revelation marks the first documented case of direct Chinese equity investment in a sanctioned Russian defence company. Continue reading

Parrot Gets Multi-Year Contract from European Defence Force for Tactical Micro UAS

Parrot has announced that its latest generation of professional micro-UAV systems, ANAFI UKR, has been selected by a major European Defence Force, with one of its leading distribution partners acting as prime contractor, in a competitive 3- year procurement program aimed at modernizing tactical reconnaissance and situational- awareness capabilities across frontline units. Continue reading

Elton John AIDS Foundation and Zipline: $150M US State Department Boost Accelerates HIV Care Innovation

The Elton John AIDS Foundation (EJAF) celebrates Zipline‘s $150 million funding from the U.S. State Department to triple its lifesaving drone delivery network, a milestone that builds on the Foundation’s catalytic early support and cements their role in pioneering drone-enabled HIV care across Africa. Continue reading