Plymouth Rock Technologies Inc. has announced that it has signed a binding LOI to acquire, in whole, Tetra Drones Limited , a developer of custom-made, high-performance and niche Unmanned Aircraft Systems (UAS). Continue reading
Category Archives: Business News
Volatus Aerospace to Manufacture and Distribute FIXAR VTOL UAV in North America
Volatus Aerospace, an integrated provider of unmanned aircraft and drone services, will begin the manufacture of up to 1,200 units of the innovative FIXAR VTOL drone per year at its new facility at the Lake Simcoe Regional Airport in Oro, Ontario. Continue reading
S Korea to Invest $38M in C-UAS Tech by 2025
South Korea said that it will spend 42 billion won ($37.6 million) by 2025 to develop a response system against illegal drones amid growing security threats from the fast-developing technology. 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
AeroVironment Gets $45M US Army Option for Switchblade
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
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