Category Archives: Business News

Northrop Grumman Gets DARPA Longshot Contract

Northrop Grumman Corporation has been awarded a contract by the U.S. Defense Advanced Research Project Agency (DARPA) Tactical Technology Office (TTO) to develop an advanced technology weapon concept designed to significantly increase engagement range and weapon effectiveness of U.S. Forces against adversary air threats. Continue reading →

Airbus Survey Copter to Supply Aliaca Fixed-Wing UAV to French Navy

Airbus Defence and Space mini UAS subsidiary SURVEY Copter signed a contract with French DGA Armament general directorate to provide the French Navy with 11 systems, (22 aircraft), of the electrically powered fixed-wing Aliaca maritime version UAS (officially called SMDM / “Systèmes de Mini Drones aériens embarqués pour la Marine” by French authorities), including training and integrated logistic support. Continue reading →

Urban Air Mobility Company Archer to List on NYSE

Archer, an Urban Air Mobility company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, and Atlas Crest Investment Corp. , a special purpose acquisition company, have announced they have entered into a definitive agreement for a business combination that would result in Archer becoming a publicly listed company. It is anticipated that the post-closing company, Archer, will be listed on the NYSE with ticker symbol “ACHR.” Continue reading →

DroneShield Partners with M2K Technologies to Bring Anti-Drone Systems to India

DroneShield Ltd, a supplier of drone detection and mitigation systems, and M2K Technologies, part of M2K Group with business interests in Defence & Aviation, Biologicals, Real Estate and Entertainment, have entered into an Agreement to collaborate and distribute DroneShield solutions in the Indian market. Continue reading →

DroneDeploy Secures $50M in Series ‘E’ Funding

Enterprise drone data company DroneDeploy announced that it has raised $50 million in Series E financing. The round was led by existing investors Energize Ventures and AirTree, with participation from Bessemer, Scale, Emergence, Angelpad, Uncork and Frontline Ventures. This funding brings DroneDeploy’s total fundraising to date to $142 million, the most of any drone data company. Continue reading →