Category Archives: Business News

Honeywell Signs MOU with Carbonix for UAV Comms

Carbonix Domani

Honeywell has signed a memorandum of understanding (MOU) with Carbonix, an Australian drone manufacturer, to provide its smallest and lightest satellite communications solution for their long-range fixed-wing unmanned aerial vehicle (UAV). Powered by Inmarsat’s global satellite communications network, the Honeywell Small UAV SATCOM system enables beyond visual line-of-sight (BVLOS) command and control, real-time video streaming, and communication for defence and civilian missions. Continue reading →

Orbital UAV Delivers First Engine System to Singapore

Australia’s Minister for Defence Industry Melissa Price MP with Orbital UAV CEO Todd Alder at Land Forces 2021

Orbital Corporation Ltd has advised that it has delivered the first engine system to its Singapore defence customer. Orbital UAV signed a Memorandum of Understanding with one of Singapore’s largest defence companies in March 2020. Continue reading →

GA-ASI Gets $11M US Navy MQ-9 Reaper Support Contract

General Atomics, Aeronautical Systems Inc., Poway, California, is awarded an $11,183,991 firm-fixed-price modification (P00014) to a previously awarded contract (N0001918C1063). Continue reading →

Insitu Pacific and Innovaero to Collaborate on UAS Platforms

Insitu Pacific and Perth-based aeronautical technology company Innovaero Pty Ltd have signed a Memorandum of Agreement (MOA) to strengthen and support the development of Australian technology for uncrewed aerial systems (UAS). Continue reading →

IAI Signs US$200M UAS Services Contract in Asia

Israel Aerospace Industries (IAI) recently signed a US$ 200 million contract to provide unmanned aerial systems (UAS) services to a country in Asia, relating to IAI’s Heron unmanned aerial vehicle (UAV). This is the fourth major UAS transaction that IAI has announced this year. Continue reading →

Hanwha Wins $22M Contract to Develop Anti-Drone Lasers in Korea

Korea’s Hanwha Group has won a 24.3 billion-won ($21.8 million) deal from the Agency for Defense Development to develop a key device that helps laser beam weapons target drones flying several kilometers away, the company announced. Continue reading →

Ireland to Get Passenger and Cargo Vertiport

Skyports cargo drone port

Skyports, Future Mobility Campus Ireland, Avtrain and Shannon Group have signed a memorandum of understanding (MoU) to establish Ireland’s first passenger and cargo vertiport. The partnership will work towards launching an operational vertiport at Shannon’s FMCI campus in 2022, thereby encouraging participation and investment in Ireland’s Advanced Aerial Mobility (AAM) industry. Continue reading →

AeroVironment Chairman Sells 12,500 Shares of Stock

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 →