Category Archives: Business News

AeroVironment Chairman Sells 12,500 Shares of Stock

AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 12,500 shares of the company’s stock in a transaction dated Monday, May 24th. The shares were sold at an average price of $107.76, for a total transaction of $1,347,000.00. Following the completion of the sale, the chairman now directly owns 45,115 shares of the company’s stock, valued at $4,861,592.40. Continue reading

ANRA Wins NASA’s Advanced Air Mobility Project

ANRA Technologies announced that it has won NASA’s Aeronautics Research Mission Directorate National Campaign 2 for Advanced Air Mobility (AAM) for Community Planning and Integration activities to address key safety and integration barriers together with FlyOhio,  a collaboration of public, private and academic institutions led by DriveOhio’s advanced air mobility (AAM) group.

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Robotic Skies to Service Avy – Drones for Good Fleet

Robotic Skies, a global drone maintenance service provider, and Avy, a Dutch drone manufacturer, have announced a partnership to develop a field support program for Avy’s growing fleet of long-range autonomous lifesaving aircraft. The program aims to keep the Avy fleet optimal for critical medical and humanitarian flight operations around the world. Continue reading

Quantum-Systems Raises Growth Funding from 10x Group

Felix Haas and Florian Sebel

Quantum-Systems GmbH, Munich-based manufacturer of small Unmanned Aircraft Systems (sUAS), announced that it has closed an additional round of financing and raised an undisclosed amount from also Munich-based 10x Group. The investment round will support the company’s continued expansion as it takes advantage of accelerating market demand for next-generation sUAS with electric vertical take-off and landing capabilities and onboard edge AI. Continue reading