Textron is formalizing its presence in the electric aircraft market with the formation of a new division called eAviation. The company confirmed that long-time senior executive Rob Scholl has been named to head the unit in a senior v-p role that reports directly to Textron chairman and CEO Scott Donnelly. Scholl previously was the senior v-p of sales and marketing at Textron Aviation. Continue reading
Category Archives: Business News
Skycatch Raises $25M in Funding
Skycatch has announced a $25 million raise, led by ADB Ventures and Wavemaker. Founded in 2013, the Bay Area-based company provides centimeter-accurate 3D scanning services, primarily for construction sites and mining operations. Continue reading
airBaltic and LMT to Collaborate on Drone Innovations
Latvian national airline airBaltic and LMT have signed an agreement for collaboration within the drone industry. The agreement foresees a joined development of various drone solutions overseen by general aviation and the development of LMT’s learning program for drone pilots. Both companies will also collaborate on testing the mobile network coverage in the air space. Continue reading
AeroVironment Gets $21M US Army Contract Option for Raven Radio Frequency Modifications
AeroVironment, Inc. announced that the United States Army exercised the second of three options under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year small UAS contract on February 25, 2021. The value of the contract option is $20,979,905 and includes avionics and data link upgrade packages to modify radio frequencies employed by the Army’s existing fleet of Raven tactical UAS. Continue reading
Volocopter Raises €200M in Series D Funding Round
Urban air mobility (UAM) company Volocopter announced the signing of its Series D funding round, raising €200 million in additional capital. Cumulatively, Volocopter has raised €322 million. The funding will be used to solidify Volocopter’s leading position in the UAM market by bringing the VoloCity, the battery-powered air taxi for cities, to certification and by accelerating the launch of its first commercial routes. Continue reading
Toshiba Invests $15M in C-UAS Company Fortem
Toshiba Corporation announced that Toshiba Infrastructure Systems & Solutions Corporation, the Toshiba Group company specializing in the global infrastructure business (hereinafter Toshiba), has entered into a strategic business alliance with Fortem Technologies, Inc. (hereafter Fortem), and invested 15 million USD in the company. Fortem is a supplier of counter-drone security systems and Toshiba, through the alliance, aims to expand its radar-based security solutions business. Continue reading
Australia Announces Shortlist for Navy UAV Contract
The Australian Government is boosting the Royal Australian Navy’s intelligence capability through Defence’s Maritime Unmanned Aircraft System Continuous Development Program. Continue reading
India to Spend $3BN on 30 MQ-9 Reapers
India plans to ink a major defence deal with the US to procure 30 armed drones worth $3 billion (approximately Rs 22,000 crore) to enhance military capabilities, sources said. As per plans, India will be acquiring 30 MQ-9 Reaper — 10 each for the three services. Continue reading







