Aeronautics Ltd. has signed a deal to sell Aerostar UAVs to an African country. The company reported to the TASE that it would supply the customer with UAVs for $13 million, with delivery spread over an 18-month period and payment taking place accordingly. Continue reading
Category Archives: Business News
GA-ASI Hosts High-Tech Aerospace Innovation Event with Starburst Accelerator
General Atomics Aeronautical Systems, Inc. (GA-ASI), in partnership with Starburst Accelerator, a global aerospace and aviation incubator, hosted a selection committee entitled “The Future Is Now” at its headquarters in Poway, California on December 1st. Continue reading
Aeronyde Receives $4.7M Seed Funding for UTM System
Aeronyde, the aerial systems company enabling safe autonomous urban flight, announced $4.7 million in seed financing to develop its end-to-end infrastructure for self-flying vehicles. Aeronyde is the first company to integrate artificial intelligence (AI) and augmented reality (AR) into a full-service system for the safe and secure operation of commercial drones. Continue reading
General Atomics Gets $25M French Air Force Contract
General Atomics – Aeronautical Systems Inc. has been awarded a $24,924,266 option (002606) to a previously awarded contract (FA8620-15-G-4040) for MQ-9 contractor logistics support phase 2. Continue reading
Clear Flight Solutions Raises €2.6M Series B Investment
Clear Flight Solutions has raised €2.6 million from AERIUM Analytics Inc.in Calgary, Canada and the Cottonwood Euro Technology Fund. This investment, the first close of a targeted Series B investment of €6 million, allows Clear Flight Solutions to further strengthen its purpose to save, preserve and protect both nature and people by revolutionizing bird control through its unique technology and services. Continue reading
Altavian Awarded GSA Schedule Contract
Altavian, Inc., a manufacturer of UAV systems and components, announced that it was awarded General Services Administration (GSA) Schedule contract 47QSWA18D0008. This contract facilitates agencies of the U.S. government to acquire Altavian’s UAV products. Continue reading
Pentagon Performance to Get $50M UN Congo Surveillance Contract
Pentagon Performance Inc. (PPI), a South Jersey based Unmanned Aircraft System (UAS) manufacturing company, has received Notice of Consideration for Award of a $50 million contract to provide intelligence, surveillance, and reconnaissance services to the United Nations MONUSCO mission located in the Democratic Republic of Congo. Continue reading
Global Aerospace Names DARTdrones as UAV Training Partner
Dartdrones, a provider of UAV training, and Global Aerospace, a provider of aerospace insurance and risk management solutions, have announced a partnership that will provide small unmanned aircraft systems (sUAS) operators with exclusive resources and opportunities to increase the safety culture within the drone industry. DARTdrones will be the exclusive UAV training partner of Global Aerospace’s SM4 Safety Program. Continue reading






