Back in November 2020, China North Industries Group Corporation Limited (NORINCO) announced that its Golden Eagle CR500 vertical take-off and landing UAV had completed final inspections and been cleared for delivery to an undisclosed costumer. Continue reading
Category Archives: Business News
Piaggio Aerospace Invites Bidders
The process for the sale of the business complexes of Piaggio Aero Industries and Piaggio Aviation – the two companies in extraordinary receivership operating under the Piaggio Aerospace brand – enters its final stage. Continue reading
AeroVironment Acquires AI Firm Intelligent Systems Group
AeroVironment, Inc. announced that it has acquired Progeny Systems Corporation’s Intelligent Systems Group (ISG), a leader in the development of artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies and provider of related services to United States government customers. Continue reading
GA-ASI and GKN Aerospace Expand Strategic Relationship
General Atomics Aeronautical Systems, Inc. (GA-ASI) and GKN Aerospace have signed a contract for GKN Aerospace to manufacture the advanced composite V-tails for GA-ASI’s new MQ-9B SkyGuardian Remotely Piloted Aircraft System (RPAS) from their Cowes facility in the United Kingdom. Continue reading
Flint Hills Solutions and UAV Navigation Announce a Strategic Partnership
Flint Hills Solutions and UAV Navigation have announced a Strategic Partnership to work together in North America to integrate their joint technologies onto the FH-900 series fully autonomous Vertical Takeoff and Landing (VTOL) Unmanned Aerial System (UAS) Helicopter. Continue reading
EHang: A Stock Promotion Destined To Crash And Burn
Wolfpack Research, a global financial research & due diligence firm dedicated to protecting investors by ensuring a balance in the financial ecosystem, just published a report revealing why they believe EHang NASDAQ: EH is an elaborate stock promotion, built on largely fabricated revenues based on sham sales contracts with a customer who appears to be more interested in helping inflate the value of its investment in EH i.e., pump EH’s stock price than actually buying its products. Continue reading
AeroVironment Completes Acquisition of Arcturus UAV
AeroVironment, Inc. announced that it had completed its acquisition of Arcturus UAV, Inc. a designer and manufacturer of high-performance unmanned aircraft systems (UAS). The approximately $405 million transaction was previously announced in January 2021. Continue reading
GA-ASI Gets $11M US Navy Reaper Support Contract
General Atomics, Aeronautical Systems Inc., Poway, California, is awarded an $11,155,719 firm-fixed-price modification (P00012) to previously awarded contract N00019-18-C-1063. Continue reading






