Category Archives: Business News

SkyX Aerial Intelligence Forms a Customer Advisory Board

SkyOne aboard the xStation, ready for liftoff. Photo by Eitan Rotbart, SkyX (PRNewsfoto/SkyX)

SkyX, a supplier of aerial intelligence with fully-autonomous long-range solutions, has announced the launch of its first Customer Advisory Board. The Board includes distinguished industry leaders whose focus will be to shape and guide SkyX’s strategy, go-to-market priorities and product offerings. Continue reading

Sagetech Avionics Gets US Air Force AFWERX Contract

Sagetech Avionics  announced that it has received a U.S. Air Force Small Business Technology Transfer (STTR) contract for the initial development phase of components for a type-certifiable detect-and-avoid (DAA) system. The resulting system will enable UAS to safety operate beyond visual line-of-sight (BVLOS) in the National Airspace System (NAS). Continue reading

AeroVironment to Acquire Arcturus UAV

AeroVironment, Inc. and Arcturus UAV, Inc., a privately-held provider of Group 2 and 3 unmanned aircraft systems (UAS) and services, announced that they have entered into a definitive agreement under which AeroVironment will acquire Arcturus UAV for a total purchase price of $405 million, including $355 million in cash and $50 million in AeroVironment stock. Continue reading