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
Category Archives: Business News
WISeKey and Parrot Partner on Drone Security
WISeKey, a global cybersecurity, AI and IoT company, announced that it is strengthening its partnership with Parrot, the European drone group. Continue reading
GA-ASI Gets $6M Space Development Agency Laser Communications Award
Senator John Hoeven announced a $6 million award from the Space Development Agency (SDA) to General Atomics to demonstrate satellite to MQ-9 Reaper laser communications. 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.
South Korea Orders Hydrogen Powered Drones
South Korea’s Defence Acquisition Program Administration (DAPA) will introduce hydrogen powered drones to its military pilot operations from November with a new deal with Doosan. Continue reading
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
Flowcopter Signs MoA with Callen-Lenz for Maritime Heavy Lift Drone
Flowcopter has announced the signing of a memorandum of understanding with Callen-Lenz for the development of a maritime heavy lift drone concept. Continue reading
Quantum-Systems Raises Growth Funding from 10x Group
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







