Orbital Corporation Ltd has announced that it has signed a contract with leading aerospace and defence technology company Northrop Grumman Corporation for the development of a hybrid propulsion system for a Vertical Take-Off and Landing unmanned aerial vehicle. Continue reading
Category Archives: Business News
OneSky Series A Funding Round led by Sumitomo Corporation
OneSky Systems, Inc. , a developer of Unmanned Traffic Management and Urban Air Mobility platforms, announced that it secured a Series A funding round led by Sumitomo Corporation, through Sumitomo Corporation of Americas. Continue reading
Black Swift Technologies Gets USAF Contract to Develop Tactical Weather Drone
Black Swift Technologies (BST), a specialized engineering firm based in Boulder, CO, announced that it has been awarded a USAF SBIR Phase II contract to develop an unmanned aircraft system (UAS) to autonomously conduct atmospheric profiling supporting more accurate cargo drops and improved localized weather forecasts supporting Air Force, Army and Special Operations Forces (SOF) operations.
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Dealmakers Use Drones to Help Complete Transactions
Dealmakers are starting to use drones to help facilitate transactions while observing social distancing. According to insiders, the company Coty Incorporated and suitors for Coty’s professional beauty unit, which can cost up to 8 billion USD, are now considering the use of flying drones across their manufacturing facilities. Continue reading
Swift Tactical Systems and Silvus Technologies Form Strategic Alliance
Swift Tactical Systems, a subsidiary of Swift Engineering, and Silvus Technologies have entered into a strategic alliance. This collaboration combines Swift’s world-class unmanned aircraft systems with Silvus’ advanced MIMO communication systems for tactical applications. Continue reading
AEgis Acquires sUAS Manufacturer EMRC Heli
AEgis Technologies Group has acquired small unmanned aerial systems manufacturer EMRC Heli for an undisclosed amount. Continue reading
Parrot to Manufacture Short Range Reconnaissance Drone Prototypes for US Military
In the final steps of the United States Army’s Short Range Reconnaissance drone program, Parrot will participate in an operational assessment to support an Army production award decision. In anticipation of an increased demand signal from the Department of Defense, Parrot will start manufacturing prototypes of its dedicated drone in the United States of America. Continue reading
KDDI and LG Uplus to Launch CIRC’s Drone G6.0 and Smart-Drone Platform in Japan and South Korea
In summer 2020, KDDI Corporation and LG Uplus will launch Coretronic Intelligent Robotics Corporation‘s G6.0, a drone compatible with smart drone platforms, in Japan and South Korea. Continue reading







