Category Archives: Business News

US State Department Approves $1.6BN MQ-9B Deal for Australia

MQ 9B Skyguardian

The US State Department has made a determination approving a possible Foreign Military Sale to the Government of Australia of MQ-9B Remotely Piloted Aircraft and related equipment for an estimated cost of $1.651 billion. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale on April 23. Continue reading

MightyFly Raises $5M Seed Funding to Scale Production of eVTOL Aircraft

MightyFly founders Scott Parker (left) and Manal Habib (right) with their MF-100 hybrid-electric cargo delivery aircraft

MightyFly, an autonomous air cargo carrier, announced that it has closed $5.1 million in seed funding. The round includes investments from 500 Startups, At One Ventures, Global Founders Capital, Graph Ventures, and Halogen Ventures. Continue reading