Category Archives: Business News

Drone Startup Funding Crashes

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Drone startups hoping to snag venture-capital funding may have hit some turbulence. Financing for drone companies fell 59% year-over-year in the third quarter, and 48% from the previous quarter. The drone industry’s numbers were starker than for venture-capital funding overall, in which funding dollars fell 39% from the same quarter in 2015 and 14% sequentially. Continue reading

Airbus & DCNS Team on Rotary UAV for French Navy

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Airbus Helicopters and maritime systems specialist DCNS have joined forces to offer the former’s VSR700 unmanned rotorcraft – derived from theHélicoptères Guimbal Cabri G2 – for a French navy tactical requirement.The teaming agreement was signed in mid-October, and the two companies will now offer the VSR700 for the navy’s Système de Drones Aériens de la Marine (SDAM) programme. Continue reading

Trimble Sells UAS Business to Delair-Tech

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Trimble has announced today that Delair-Tech has acquired its Belgium-based Gatewing Unmanned Aircraft System (UAS) engineering and manufacturing business. Delair-Tech is a leading provider of long-range, fixed-wing UAS solutions for industrial inspection and asset management applications headquartered in Toulouse, France. Continue reading

Northrop Grumman Gets $49M US Navy Triton Contract

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Northrop Grumman Systems Corp., San Diego, California, is being awarded $49,400,000 for fixed-price incentive (firm target) modification P00010 to a previously awarded fixed-price-incentive contract (N00019-15-C-0002) for the procurement of long lead components, materials, parts, and associated efforts in support of the MQ-4C Triton LRIP 2 unmanned aircraft.   Continue reading