Category Archives: Business News

DJI Slashes Staff and Becomes More China-Centric

DJI’s flagship store in Shenzhen, Guangdong province, China, Aug 8, 2020

Chinese drone giant SZ DJI Technology has been making sweeping cuts to its global sales and marketing teams as it faces coronavirus headwinds and mounting political pressure in key markets, current and former staff told Reuters. Continue reading

CACI Acquires Ascent Vision Technologies

Latest Variant of the X-MADIS Delivered to US DoD Customer

CACI International Inc announced that it has acquired Ascent Vision Technologies, LLC (AVT), a provider of technology and solutions that support multi-domain intelligence, surveillance, and reconnaissance (ISR), unmanned aircraft system (UAS), air defense, and counter-unmanned aircraft system (c-UAS) operations. Continue reading

Liteye Systems Joins Inc. 5000 Revenue Growth List

Inc. magazine revealed that Liteye Systems, Inc. is No. 1513 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000. Continue reading

Northrop Grumman Gets Triton Net Enabled Weapons Support Award from US Navy

MQ-4C Tritons at a Northrop Grumman test facility in Palmdale, California

The US Department of the Navy plans to award Northrop Grumman’s aerospace systems business a delivery order to provide analysis support for demonstration activities involving the MQ-4C Triton unmanned aerial system. Continue reading

Terra Drone Invests in Skytools to Establish Drone Hub in Rotterdam

Drone flying above wind turbines and vessels in Rotterdam

Terra Drone invests in Dutch Drone Solution provider Skytools to offer corporate and government clients with advanced drone solutions. The companies will together establish a strong drone hub in Rotterdam consisting of Training facilities and Research & Development centers. Continue reading

Volansi Announces Drone Cargo Deliveries in North Carolina

Volansi, Inc., the California-based cargo drone delivery service provider developing autonomous VTOL UAVs, has announced it has signed a teaming agreement with the N.C. Department of Transportation to begin commercial, middle-mile drone delivery projects in North Carolina. Continue reading