Category Archives: Business News

Eurodrone Gets €118M Funding Injection

In presence of the main MALE RPAS industrial partners (Leonardo S.p.a, Airbus Defence & Space SAU and Dassault Aviation), the OCCAR-EA Director and a senior representative from Airbus Defence & Space GmbH (coordinating company) signed the Grant Agreement to allow European Defence Industrial Development Programme (EDIDP) funding from the European Union to partially finance the MEDIUM ALTITUDE LONG ENDURANCE REMOTELY PILOTED AIRCRAFT SYSTEM (MALE RPAS) programme (aka EURODRONE). Continue reading

Red Cat Holdings to Acquire Teal Drones

Red Cat Holdings, Inc., a technology provider to the drone industry, announced that it has signed a definitive agreement to acquire Teal Drones, a supplier of commercial and government unmanned aerial vehicle technology. The all-stock transaction will add Teal Drones to Red Cat’s portfolio and strengthen the group’s spectrum of offerings across North America. Continue reading

GE and Microdrones Partner to Launch GE Industrial Drone Line​​​​​​​

GE and Microdrones have entered into a worldwide licensing partnership, where Microdrones will bring the GE industrial drone line​​​​​​​ to market globally, providing professionals access to powerful aerial surveying technology that will enable them to work more efficiently, accurately, safely and profitably. Continue reading