Archer and Fiat Chrysler Automobiles (FCA) announced that they have entered into a definitive agreement to enable Archer to benefit from access to FCA’s low-cost supply chain, advanced composite material capabilities, and engineering and design experience. Continue reading
Category Archives: Business News
Parrot to Supply ANAFI USA Drones to French Armed Forces
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
Insitu to Pay $25M in Whistleblower Recycled Parts Fraud Case
Insitu Inc., headquartered in Bingen, Washington, has agreed to pay $25 million to settle allegations that it violated the False Claims Act by knowingly submitting materially false cost and pricing data for contracts with the United States Special Operations Command (SOCOM) and the Department of the Navy (Navy) to supply and operate Unmanned Aerial Vehicles (UAVs), the Department of Justice announced on January 12. Continue reading
Verizon, UPS, and Skyward Announce Connected Drone Delivery at CES 2021
Skyward, A Verizon company, and UPS Flight Forward today announced collaborative efforts to deliver retail products with drones connected to Verizon 4G LTE, as well as 5G testing and integration for delivery. Continue reading
Kratos Gets $13M Task Order for Cost Optimized Turbojet Engine for Attritable UAVs
Kratos Defense & Security Solutions, Inc. announced that Kratos’ Turbine Technologies Division (KTT) has been awarded a $12.7 million task order under its Advanced Turbine Technologies for Affordable Mission (ATTAM) ID/IQ contract. Continue reading
Hatzolah Air Rescue Pre-Orders 4 EMS CityHawks from Urban Aeronautics
Urban Aeronautics Ltd. has announced that it has reached an agreement to provide four CityHawk VTOL aircraft to Hatzolah Air for emergency medical service (EMS) applications, company executives announced. Continue reading






