General Atomics, Aeronautical Systems Inc., Poway, California, is awarded an $11,183,991 firm-fixed-price modification (P00014) to a previously awarded contract (N0001918C1063). Continue reading
Category Archives: Business News
Insitu Pacific and Innovaero to Collaborate on UAS Platforms
Insitu Pacific and Perth-based aeronautical technology company Innovaero Pty Ltd have signed a Memorandum of Agreement (MOA) to strengthen and support the development of Australian technology for uncrewed aerial systems (UAS). Continue reading
IAI Signs US$200M UAS Services Contract in Asia
Israel Aerospace Industries (IAI) recently signed a US$ 200 million contract to provide unmanned aerial systems (UAS) services to a country in Asia, relating to IAI’s Heron unmanned aerial vehicle (UAV). This is the fourth major UAS transaction that IAI has announced this year. Continue reading
Hanwha Wins $22M Contract to Develop Anti-Drone Lasers in Korea
Korea’s Hanwha Group has won a 24.3 billion-won ($21.8 million) deal from the Agency for Defense Development to develop a key device that helps laser beam weapons target drones flying several kilometers away, the company announced. Continue reading
Ireland to Get Passenger and Cargo Vertiport
Skyports cargo drone port
Skyports, Future Mobility Campus Ireland, Avtrain and Shannon Group have signed a memorandum of understanding (MoU) to establish Ireland’s first passenger and cargo vertiport. The partnership will work towards launching an operational vertiport at Shannon’s FMCI campus in 2022, thereby encouraging participation and investment in Ireland’s Advanced Aerial Mobility (AAM) industry. Continue reading
AeroVironment Chairman Sells 12,500 Shares of Stock
AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 12,500 shares of the company’s stock in a transaction dated Monday, May 24th. The shares were sold at an average price of $107.76, for a total transaction of $1,347,000.00. Following the completion of the sale, the chairman now directly owns 45,115 shares of the company’s stock, valued at $4,861,592.40. Continue reading
WISeKey and Parrot Partner on Drone Security
WISeKey, a global cybersecurity, AI and IoT company, announced that it is strengthening its partnership with Parrot, the European drone group. Continue reading
GA-ASI Gets $6M Space Development Agency Laser Communications Award
Senator John Hoeven announced a $6 million award from the Space Development Agency (SDA) to General Atomics to demonstrate satellite to MQ-9 Reaper laser communications. Continue reading