Category Archives: Business News

GENIUS NY Round Three Finalists Announced

GENIUS NY, a business accelerator program at CenterState CEO’s Tech Garden, has announced the five finalists companies selected for its third round. These startup drone companies will participate in the year-long program and will compete for a total of $3 million in direct investment, with one grand prize of up to $1 million and four $500,000 awards.

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Elbit and Adani Launch JV Hermes Plant in India

India’s first private sector unit for manufacturing unmanned aerial vehicles (UAVs) to cater to both the Indian armed forces and the global market was formally launched at Adani Aerospace Park. Built jointly by the Adani Defence & Aerospace and Israel-based Elbit Systems with an initial investment of $15 million, the 50,000 sq ft facility will develop the Hermes 900 medium altitude long-endurance UAVs of Elbit.

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uAvionix to Open “HQ2” in Washington DC Region

uAvionix, designer and manufacturer of communications, navigation, and surveillance (CNS) equipment for unmanned and manned aircraft, has announced its plans to establish an office location in the Washington, DC metropolitan area.  This expansion reflects the company’s long-term business strategy and the strong growth the company has seen in both the unmanned and manned aviation markets. Continue reading