Category Archives: Business News

USAF Awards Contracts for Skyborg Prototypes

A Skyborg conceptual design for a low cost attritable Unmanned Combat Aerial Vehicle (UCAV)

The US Air Force Life Cycle Management Center has awarded contracts to three companies to produce missionized unmanned aerial vehicle prototypes with the ability to fly in experimentation events while teaming with manned aircraft. Continue reading

AeroVironment Acquires Telerob Ground Robotic Solutions

AeroVironment, Inc.  announced it has entered into an agreement to acquire Telerob Gesellschaft für Fernhantierungstechnik mbH, a German leader in ground robotic solutions with a global footprint, for approximately $45.4 million (€37.5 million) in cash, and will pay-off approximately $9.4 million (€7.8 million) in Telerob’s debt at closing. Continue reading