Category Archives: Business News

General Atomics Owner Joins Forbes 400

Neal Blue  is a brand new member of The Forbes 400. Blue, 84 (estimated net worth $4.1 billion), who as chairman and 80% owner of San Diego-based defense contractor General Atomics (his brother Linden, 83, owns the other 20%, worth another billion) first introduced the Predator drone into the skies 25 years ago to surveil Serbian forces during the Clinton administration. Continue reading

Pierce Aerospace and DRONEDEK Team for Global Drone Deliveries

Indiana drone startups Pierce Aerospace a Remote ID UAS Service Supplier (RID-USS), and DRONEDEK LLC, a smart mailbox company, have teamed to advance commercial drone delivery. The collaboration unites Pierce Aerospace’s Remote Identification expertise and technologies and DRONEDEK’s patent portfolio in last-mile logistics, including a drone mailbox system. Continue reading

Plextek Partners with Griff Aviation on Heavy Lift Autonomous Drones

UK engineering and design consultancy Plextek is partnering with unmanned aerial systems (UAS) specialist, Griff Aviation, to put micro radars and sensors on its innovative heavy lifting drones. Griff is developing UAVs (Unmanned Aerial Vehicles) designed to carry payloads up to 250kg for a wide range of applications including moving building equipment and materials across harsh terrains including mountainous and forested landscapes. Continue reading

Liteye Systems Expands Manufacturing – Opens 55K Sq. Ft. Facility

Liteye Systems Ribbon Cutting – Pictured from Left to Right (Executive Team): Derek Newsom, Chief Operating Officer, Scott McClean, Government Relations, Kenneth Geyer, Chief Executive Officer and Co-Founder, (Kenneth Geyer’s Daughters), Jamie Chief Procurement Officer, Tom Scott, Chief Technology Officer and Co-Founder, Zac Neumayr, VP of Strategic Accounts, Rick Sondag, VP of Operation, Ryan Hurt, VP of Business Development

Liteye Systems, Inc. the US leader in Counter Unmanned Aerial Systems, announced the opening of a new 55,000 square foot facility in Highfield Business Park, near Centennial Airport, CO to accommodate rapid growth and support increasing manufacturing demands. Continue reading

Leidos to Acquire Dynetics for $1.65bn

Dynetics and its partners are building the army’s laser weapon system demonstrator

Leidos Holdings, Inc., a FORTUNE 500 company, announced that it has entered into a definitive agreement to acquire privately-owned Dynetics, Inc. (“Dynetics”), an industry-leading applied research and national security solutions company, for $1.65 billion in cash. The Board of Directors of both companies unanimously approved the transaction. Continue reading