Category Archives: Business News

Drone Aviation Gets $1.7 M Enhanced WASP Tactical Aerostat Contract from DoD

Drone Aviation Holding Corp., a manufacturer of tethered drones and lighter-than-air aerostats, announced that it has received its largest single contract award to date for its multi-mission capable tactical Winch Aerostat Small Platform (“WASP”). The latest Department of Defense (“DoD”) customer order is the third repeat order awarded to the Company for its WASP and comes as the result of a growing number of successful international deployments with military personnel. Continue reading →

LG Uplus Enters Drone Business in Korea

LG Uplus vice chairman and CEO Kwon Young-soo

Korean mobile carrier LG Uplus will foster drone business as one of its new growth drivers by expanding its fledgling aerial robotics to a wide range of businesses in the public and private sectors, including transportation, logistics and safety inspections, powered by its nationwide wireless network.  Continue reading →

Boeing Shares in $15M Investment in Detect and Avoid BVLOS Radar Firm

Fortem Technologies, Inc., a Salt Lake City, Utah-based company developing advanced radar systems for unmanned and manned aircraft, announced that it has closed a $15 million Series A funding round led by DCVC (Data Collective) with key participation from Boeing and Mubadala Investment Company, as well as Manifest Growth, New Ground Ventures and founding investor, Signia Venture Partners. Continue reading →

Insitu Names Esina Alic President and CEO

Esina Alic has been named Insitu President and Chief Executive Officer, assuming the role effective April 5.

Alic rejoins Insitu from adidas in Germany where she served as senior vice president of Global Operations, Strategy and Programs. Prior to adidas, she held a number of senior executive positions in business, finance and engineering at organizations ranging from start-ups to Fortune 50 companies. Continue reading →