Advanced aerial mobility company H3 Dynamics has secured $26 million in Series B funding that it will use to accelerate its work to use hydrogen technology in its drones rather than the standard battery-powered model.
Category Archives: Business News
High Eye Signs Multi-Year Contract with UAV Navigation
High Eye, the Dutch manufacturer that produces the Long-Range VTOL UAV called the Airboxer, has signed a multi-year contract with Spain’s UAV Navigation. Continue reading
Northrop Grumman Gets $50M USAF Global Hawk/Triton Repairs Contract
Northrop Grumman Aerospace Systems, San Diego, California, has been awarded a $50,882,788 definitized modification PZ0001 to settle the 407th Supply Chain Management Squadron undefinitized contract action order FA8539-21-F-0007. Continue reading
Japan Airlines to Acquire up to 100 Vertical Aerospace eVTOLs from Avolon
Japan Airlines intends to lease or purchase up to 50 of Vertical Aerospace’s in-development VA-X4 air taxis from aircraft lessor Avolon. Continue reading
Mesa Air Group Partners with Flirtey on Drone Delivery Business
Mesa Air Group, Inc. has signed an agreement with aerospace technology company Flirtey to order 4 delivery drones, with an option to order an additional 500 aircraft. The agreement marks Mesa becoming the first scheduled airline to launch drone delivery in the U.S. Continue reading
Korean Air Partners with Insitu for UAV Development
Park Jung-woo (left), head of Korean Air’s aerospace business division, and senior director at Boeing Randy Rotte
Korean Air Lines Co., South Korea’s biggest carrier, announced that it has partnered with Boeing to jointly develop an unmanned aerial vehicle (UAV) in preparation for future mobility demand. Continue reading
Nordic Unmanned and Aeromon Sign JV for Maritime Emission Monitoring
Nordic Unmanned has announced the closing of the joint venture deal between Nordic Unmanned and Aeromon. The newly established joint company, NUAer, will combine the operational excellence and global reach of Nordic Unmanned and the world leading emission monitoring technology of Aeromon. Continue reading
The Drone Racing League and Draganfly Launch Multi-Year Partnership and Innovation Lab
The Drone Racing League (DRL), the world’s premier, professional drone racing property, and Draganfly Inc., an award-winning drone solutions and systems developer, announced a multi-year partnership. The companies will launch DRL Labs, an innovation hub, to research and develop next generation drone technology that will advance the sport of drone racing and other industries undergoing significant transformations through drones, including humanitarian aid and mobility. Continue reading