Category Archives: Business News

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