AeroVironment, Inc. announced that the U.S. Army has exercised an option on its Lethal Miniature Aerial Missile Systems (LMAMS) contract for additional Switchblade 300 tactical missile systems for the Army and for export to an allied nation. Continue reading
Category Archives: Business News
Morocco to Acquire 13 Bayraktar TB2 Drones
Morocco’s Royal Armed Forces (FAR) signed an acquisition contract of 13 Bayraktar TB2 unmanned combat aerial vehicles (UCAV) with Turkey to the tune of MAD 626 million ($70 million). Continue reading
China’s SF Express and Pipistrel to Develop VTOL Cargo Drone
SF Express, China’s leading integrated logistics provider, intends to expand its delivery network fleet through the deployment of large cargo unmanned aerial vehicles (UAVs) with vertical take-off and landing (VTOL) capability. Continue reading
French Navy Orders Second VSR700 Prototype from Airbus Helicopters
The French Minister of Armed Forces, Florence Parly, has announced that the Armament General Directorate (DGA) has signed an order to purchase eight additional H225Ms and a second VSR700 prototype from Airbus.The VSR700 is an unmanned aerial system being developed for the French Navy in partnership with Naval Group. Continue reading
Lilium SPACS Deal Valued at $3BN – Reveals 7-Seater eVTOL Jet
Lilium GmbH has entered into a definitive business combination agreement with Qell Acquisition Corp., a publicly listed special purpose acquisition company. Qell, led by Barry Engle, a former president of General Motors North America, is focused on developing next-generation, sustainable mobility. Continue reading
General Atomics Gets $22M DARPA Rocket Contract
General Atomics, San Diego, California, has been awarded a $22,164,736 cost-plus-fixed-fee contract for the Demonstration Rocket for Agile Cislunar Operations (DRACO) – Track A program. Continue reading
UPS Flight Forward to Buy 160 eVTOL Aircraft
Through its UPS Flight Forward subsidiary the company plans to purchase electric vertical takeoff and landing (eVTOL) aircraft from Beta Technologies (BETA) as part of its innovation-driven strategy to identify new ways to help small businesses with sustainable solutions. Continue reading
Altitude Angel to Power AirHub Enterprise Solutions
Altitude Angel, a global leading UTM (Unified Traffic Management) technology provider, has been selected by Dutch drone enterprise solutions innovator AirHub to power its operations management software platform. Continue reading







