Shares in French drone manufacturer Parrot crashed more than 17 percent on Tuesday after the group announced mass job cuts, signalling an end to years of expansion in the new technology market.
Category Archives: Business News
Orbital Builds Engine Factory Close to InSitu
Following a $90 million agreement with Boeing’s unmanned aerial vehicle subsidiary InSitu, an Australian company that makes engines for aerial drones is setting up a facility in the Columbia Gorge close to InSitu. Orbital, based in Perth, has signed a three-year deal with Boeing to supply InSitu with a new Unmanned Aerial Vehicle (UAV) engine. Continue reading
Textron Pitches VTOL Shadow to Australia
Textron Unmanned Systems is studying the feasibility of a vertical take-off and landing (VTOL) variant of its RQ-7 Shadow unmanned aerial vehicle (UAV), which it hopes could be an upgrade option for the Australian Army’s ageing fleet. Continue reading
General Atomics Gets $24M MQ-9 Support Contract for France
General Atomics Aeronautical Systems Inc., Poway, California, has been awarded a $23,969,228 delivery order (0026) to previously awarded contract FA8620-15-G-4040 for MQ-9 contractor logistics support services phase 1.
France Orders Thales Spyranger Mini UAV
French Defence Procurement Agency (DGA) has selected Thales’s latest-generation Spy’Ranger mini surveillance and reconnaissance Unmanned Aerial Vehicle (UAV) to equip the French forces. Continue reading
General Atomics Gets $56M MQ-9 Contract for Spain
General Atomics Aeronautical Systems Inc., Poway, California, has been awarded a $56,656,833 undefinitized contract action order (0034) to an existing basic ordering agreement (FA8620-15-G-4040) for the Spain MQ-9 Exportable Block 5 Procurement program.
Belarus and China Creating UAS Joint Venture
Belarus and China are busy setting up a joint venture to make unmanned aerial vehicles (UAV), BelTA learned from First Deputy Chairman of the Presidium of the National Academy of Sciences of Belarus Sergei Chizhik during the press conference held on 26 December to discuss the Year of Science in Belarus. Continue reading
General Atomics Gets $349M USAF Support Contract
The U.S. Air Force has awarded General Atomics Aeronautical Systems Inc. a $349.1 million cost-plus-fixed-fee contract to provide support services for the MQ-1 Predator and MQ-9 Reaper unmanned aerial systems.