Naval Air Systems Command (NAVAIR) has posted a request for information (RFI) for an Analysis of Alternatives for what it is calling the Future Vertical Lift-Maritime Strike (FVL-MS) program. Continue reading
Category Archives: Business News
UK Consortium to Propel Next Generation of Electric Aircraft
Blue Bear Systems Research, a UK Small to Medium Enterprise in Bedford, has formed a seven-strong consortium to develop a next generation, all electric, propulsion module to enhance aircraft performance while reducing operating costs. The propulsion module is a scalable design and is the first in a range of products that can be used for aircraft less than 5 tonnes in the near term. Continue reading
Citadel Defense Gets Multi-Million Dollar Contract for AI Powered Counter Drone System
Citadel Defense has received a multi-million-dollar government contract for their Titan, an AI-powered, radiofrequency (RF) based counter drone system. Citadel’s technology was selected following a competitive evaluation of two dozen competitive counter small unmanned aircraft systems (C-sUAS). Continue reading
AgEagle Buys MicaSense from Parrot for $23M
AgEagle Aerial Systems Inc. a drone systems and solutions provider, announced the Company has agreed to acquire MicaSense, Inc. from Parrot, Europe’s leading drone group, in a combined cash and stock transaction valued at $23 million. Continue reading
UAV Factory Sold to Private Equity Firm
AE Industrial Partners, LP, a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets, announced that it has acquired UAV Factory, a global player in the tactical Unmanned Aerial Vehicle (UAV) and Intelligence, Surveillance, Reconnaissance (ISR) technology markets. Continue reading
Flock Partners with Sompo International on Commercial Drone Insurance
Connected insurance specialist, Flock has partnered with yet another leading aviation underwriter as it continues to expand globally. Flock’s latest partnership means European pilots can now access EASA compliant insurance in minutes.The latest deal signed with Sompo International makes it easier than ever for operators across Europe to access commercial drone insurance. Continue reading
Russia to Supply Orlan-10E Surveillance UAVs to Myanmar
Russia will supply Myanmar with Pantsir-S1 anti-aircraft missile and cannon systems, Orlan-10E unmanned aerial vehicles, and radar stations. Continue reading
Wingcopter Secures $22M for Delivery Drones Serial Production
Wingcopter, the German developer, manufacturer and operator of unmanned delivery drones for commercial and humanitarian applications, has secured $22 million in Series A funding. Wingcopter will use the funds to strengthen its leadership in drone-based logistics, with a special focus on healthcare-related applications, including the distribution of COVID-19 vaccines. Continue reading