Only three months after its initial funding, Corecam Capital Partners has increased its investment in Wingcopter in a second closing. In December, the multi-family office from Singapore participated in a seed round with several million euros in the German start-up, which develops and sells transport drones for humanitarian and civil applications. Continue reading
Category Archives: Business News
Liteye & Citadel Push the Envelope for State-of-the-Art in Countering UAS Threats
Liteye Systems, Inc., a Colorado-based Counter Unmanned Aerial Systems (CUAS) manufacturer along with long-time Colorado based teammate Numerica recently worked closely with Citadel Defense, an industry-leading drone mitigation solutions provider, and together have combined technologies to provide a first -of-its-kind, world leading capability in drone defense. Continue reading
Citadel Defense Gets $9M Titan C-UAS Systems Order
Malicious use of small drones continues to impact military, government, and commercial operations. After extensive testing, evaluation, and operational assessments from over two dozen customer groups, Citadel Defense has received $9.2M in orders for their industry-proven C-UAS capabilities in the first two months of the year. Continue reading
Griffon Aerospace Gets $50M US Army Order for Targets
MQM-171 Broadsword
U.S. Army fire-control experts needed two kinds of unmanned aerial vehicle (UAV) targets to help ground forces train to attack and defeat enemy UAVs. They found their solution from Griffon Aerospace Inc. in Madison, Alabama. Continue reading
Xcel Energy to Transform Transmission Inspections with AI-Based Collaborative Intelligence
eSmart Systems, Xcel Energy and EDM International announce the first phase of a strategic initiative to deploy AI-based Collaborative Intelligence for 3,300 miles of Xcel’s transmission lines to dramatically improve inspection processes with the goals of improving asset information, reducing operational costs, decreasing failure rates, and extending asset life.
Abrupt End to MQ-9 Purchase Surprises General Atomics
A General Atomics official said the company is surprised by the Air Force’s plan to stop buying new MQ-9 Reapers in fiscal 2020, after expecting to gradually wind down the production line. Continue reading
BlueBird Gets Order for 150+ VTOL UAS
BlueBird Aero Systems, a global developer and provider of superior micro, mini and small tactical unmanned aircraft systems (UAS), has received an order worth tens of millions of euros from a European customer for the delivery of more than 150 vertical take-off and landing (VTOL) UAS of various categories. Continue reading
SOARIZON Partners with CG labs
Soarizon has announced the first in a series of strong strategic partnerships with CG Labs, experts in the capture and processing of data. Continue reading