The Extraordinary Commissioner of Piaggio Aerospace, Vincenzo Nicastro, wants to implement an initial analysis in order to evaluate the market’s interest in buying the company or one of its business units (Aircraft and Engines) or to conduct a reorganization, in accordance with the “Marzano Law”. Continue reading
Category Archives: Business News
Alphabet’s Loon and SoftBank’s HAPSMobile Join Forces
SoftBank Corp.’s HAPSMobile and Alphabet’s Loon have formed a long-term strategic relationship to advance the use of high altitude vehicles, such as balloons and unmanned aircraft systems (UAS), to bring connectivity to more people, places, and things worldwide. As part of the new relationship and HAPSMobile’s financial and investment strategy, HAPSMobile has made a decision to invest $125 million USD in Loon. Continue reading
Altavian to Develop New Military Drone Prototype
Altavian, a U.S.-based Unmanned Aircraft System (UAS) engineering and manufacturing firm, announced the award of the Short Range Reconnaissance Prototype (SRR) contract as a part of the Army’s effort to field a next generation drone weighing less than 5 pounds flown by a single operator. Continue reading
Microsoft TechSpark Invests in UND Drone StartUp

L-R: Brandon Baumbach, EDC business development manager, Keith Lund, EDC president and CEO, Joshua Riedy, and TechSpark North Dakota manager Taya Spelhaug
Microsoft Corp. and the University of North Dakota (UND) Aerospace Foundation have announced that Microsoft has granted $100,000 in project funding that will drive investment and boost North Dakota’s ambitions to be the epicenter of U.S. drone innovation and entrepreneurism. Continue reading
GA-ASI Gets $99M US Army Gray Eagle Contract
General Atomics Aeronautical Systems Inc., Poway, California, was awarded a $99,020,937 cost-plus-incentive-fee contract for performance based logistics support services for the MQ-1C Gray Eagle Unmanned Aircraft System. Continue reading
Citadel Defense Wins $1M Counter Drone Contract
Citadel Defense Company was awarded a purchase contract valued over $1M by the Defense Logistics Agency in support of USSOCOM requirements. This is the company’s sixth government contract for their award-winning mobile system that counters threat drones that have become an increasing problem to U.S. forces around the world. Continue reading
SkyScape Industries Acquired by American Aerospace
American Aerospace Technologies, Inc. (AATI), a provider of real-time remote sensing and airborne intelligence services for enterprise, announced that it has signed a definitive agreement to acquire Sky Scape Industries, LLC (SSI) an industry leading unmanned technology service-provider. SSI’s services are widely used by critical infrastructure operators in the electric, water, and oil & gas industries. Continue reading
Sky Power Expands Direct Distribution
To expand worldwide market presence Sky Power GmbH welcomes a new sales team member. Edward Weston-Davies is an established sales specialist for Wankel engines in the UAS-Industry. Continue reading





