Japan’s first investment fund focusing on drone-related startups begins operation in June, offering financial assistance and business management advice for budding entrepreneurs. Continue reading
Category Archives: Business News
Global UAV Tech to Purchase NOVAerial Robotics
Procyon 800E
Global UAV Technologies Ltd. (formerly Alta Vista Ventures Ltd.) has announced that on May 24th, it signed a Letter of Intent (LOI) to purchase a 100% interest in the Canadian-based company, NOVAerial Robotics Inc. (“NOVAerial”) for a total consideration of CAD $700,000 – payable as $300,000 in cash and $400,000 in shares of Global UAV Technologies. $10,000 of the funds is payable as a refundable deposit. Continue reading
L-3 Gets $14M Predator Training Contract
L-3 Link Simulation and Training, Arlington, Texas, has been awarded a $13,946,359 modification (P00071) to previously awarded contract FA8621-13-C-6323 for Predator Mission Aircrew Training System (PMATS) Blue Box High Definition (BBHD) retrofit upgrade. Continue reading
Northrop Grumman Gets $304M US Navy Triton Contract
Northrop Grumman Systems Corp., has won a modification contract from the U.S. Navy to procure three low-rate initial production Lot 2 MQ-4C Triton unmanned aircraft. Continue reading
General Atomics Gets $400M USAF Reaper Contract
General Atomics – Aeronautical Systems Inc., Poway, California, has been awarded a $399,979,895 firm-fixed-price contract for MQ-9 Reaper production. Continue reading
Ukraine and Turkey to Collaborate on UAV Development
Ukraine and Turkey are preparing expansion of defense cooperation. The sides seek to establish cooperate in creation of unmanned aerial vehicles (UAV), including unmanned combat aerial vehicles (UCAV), the press service of the Ukroboronprom State Concern has reported. Continue reading
Ligado Partners with Harris Corporation on BVLOS
Ligado Networks has formed a collaborative partnership with Harris Corporation to enable beyond visual line-of-sight operations for unmanned aircraft systems (BVLOS UAS). The two companies share a vision with respect to the commercial market for BVLOS UAS applications and will demonstrate how their joint expertise and technological capabilities can enable the safe integration of such operations into the national airspace system. Continue reading
Tata Launches Drone Research Lab in Cincinnati
Tata Consultancy Services, a global IT services, consulting and business solutions organization, has opened its first Drones Research Lab in the US at its Seven Hills Park Innovation Center located in Cincinnati, OH, to address the rapidly expanding demand for unmanned aerial vehicles and business solutions across industries. Continue reading