Category Archives: Business News

Boeing HorizonX Invests in Urban Aerial Delivery Startup Matternet

Boeing has announced its investment in Matternet, a Menlo Park, Calif.-based startup pioneering safe, on-demand unmanned aerial vehicle (UAV) delivery operations in urban environments. Matternet’s advanced logistics platform – combined with Boeing’s expertise in complex logistics, integration and manufacturing capabilities – will further enable reliable, efficient cargo air transportation. Continue reading

DARPA Awards LiquidPiston $2.5M for Rotary Diesel Engine Development

The U.S. Defense Advanced Research Projects Agency (DARPA) has awarded LiquidPiston Inc., an advanced internal combustion engine technology company, an additional $2.5 million to continue development of its 30kW X4 rotary diesel engine prototype, bringing DARPA’s total funding of the engine technology to $6M. Continue reading

SRC Partners with Xcel Energy on Drone Detection

SRC, Inc., has announced a partnership with Xcel Energy to deploy state-of-the-art drone detection technology to protect critical infrastructure. Under this partnership, SRC and Xcel Energy will collect actionable data on the low altitude airspace not only for a critical energy center, but also for an airport, railway, inland waterway, sporting arena and state capital. Continue reading

GA-ASI Gets $39M MQ-9 Reaper Marine Corps Services Contract

General Atomics Aeronautical Systems Inc., Poway, California, has been awarded an undefinitized contract action with a not-to-exceed value of $39,566,023 to provide additional unmanned air system intelligence, surveillance, and reconnaissance surge support for Marine Corps Task Force Southwest operations in the U.S. Central Command (CENTCOM) area of operations (AOR) using contractor-owned/contractor-operated MQ-9 Reaper unmanned air systems.   Continue reading