Neva Aerospace has established a dedicated subsidiary company and consortium member to focus on ongoing R&D, testing and OEM production of its revolutionary turbo-fans for electric aircraft and commercial UAVs. Continue reading
Category Archives: Business News
General Atomics Global Opens New Delhi Office
General Atomics has announced the opening of a new office in New Delhi, and that Mr. Pratesh Gandhi will serve as Director of India Strategic Development with responsibilities for directing business and strategic outreach efforts for General Atomics in India. Continue reading
Parrot Cuts More Jobs as Sales Nose-Dive
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
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