French drone specialist Parrot said Friday that it would cut around 100 jobs after its third-quarter sales slumped by 40 percent, putting a major dent in its revival plans. Continue reading
Category Archives: Business News
Terra Drone Acquires Skeye
Terra Drone Ltd, a global company with its headquarters in Japan, has acquired a majority stake in the leading European drone service provider Skeye. Skeye will become the European headquarters of Terra Drone. With this acquisition Terra Drone has become one of the largest drone service company with more than 250 employees and presence in all continents. Continue reading
Boeing and SparkCognition Launch SkyGrid to Build AI / Blockchain-Powered Airspace Management Software
Boeing and SparkCognition have announced plans to launch SkyGrid, a new company that will enable the future of urban aerial mobility. Based in Austin, Texas, SkyGrid will develop a software platform to ensure the safe, secure integration of autonomous cargo and passenger air vehicles in the global airspace. Continue reading
US Marine Corps Procures InstantEye Mk-3 GEN5-D1
InstantEye Robotics has announced that it has secured a contract with the Defense Logistics Agency (DLA) in support of PMA-263, the Navy and Marine Corps Small Tactical Unmanned Aircraft Systems (SUAS) Program Office, to field 32 InstantEye Mk-3 GEN5-D1 SUAS systems (64 aircraft). Continue reading
RUAG and Elbit Systems to Form a Joint Venture in Switzerland
RUAG and Elbit Systems announced that they have signed a Memorandum of Understanding (MOU) to form a Joint Venture Company (JVC). The two companies will establish this entity in Switzerland, under a joint team comprised of professionals from both companies who have already begun to work in collaboration. Continue reading
Hyundai Motor Partners with UAV Startup Top Flight
Hyundai Motor Company has announced a strategic partnership with Top Flight Technologies, Inc., a startup in hybrid-electric unmanned aerial vehicle (UAV) technologies, as part of its broader effort to cement leadership in future mobility solutions. Continue reading
Alpha Selects Robotic Skies for Global Support
Alpha Unmanned Systems announced that it has selected Robotic Skies, Inc. to develop and implement a global support plan for its current and future commercial UAVs, currently featuring the Alpha 800 unmanned helicopter. Robotic Skies will provide a warranty program and field support management for Alpha Unmanned customers through its network of worldwide service centers. Continue reading
CustomWeather Partners with TruWeather Solutions to Offer High-Resolution Forecasts for UAS Operators
CustomWeather, Inc., a specialized provider of high-resolution weather data and alert services, announced that it has entered into a partnership with TruWeather Solutions, LLC to produce unique, high resolution forecasts to support UAS (Unmanned Aircraft System). Continue reading