Category Archives: Business News

UAV Factory Sold to Private Equity Firm

AE Industrial Partners, LP, a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets, announced that it has acquired UAV Factory, a global player in the tactical Unmanned Aerial Vehicle (UAV) and Intelligence, Surveillance, Reconnaissance (ISR) technology markets. Continue reading →

Flock Partners with Sompo International on Commercial Drone Insurance

Connected insurance specialist, Flock has partnered with yet another leading aviation underwriter as it continues to expand globally. Flock’s latest partnership means European pilots can now access EASA compliant insurance in minutes.The latest deal signed with Sompo International makes it easier than ever for operators across Europe to access commercial drone insurance. Continue reading →

Wingcopter Secures $22M for Delivery Drones Serial Production

Wingcopter, the German developer, manufacturer and operator of unmanned delivery drones for commercial and humanitarian applications, has secured $22 million in Series A funding. Wingcopter will use the funds to strengthen its leadership in drone-based logistics, with a special focus on healthcare-related applications, including the distribution of COVID-19 vaccines. Continue reading →

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 →