Elbit Systems announced that it has selected Infor as the supplier of a “OneERP”platform for a comprehensive business transformation project. The five-year project is designed to drive international growth by creating a standard set of processes and practices within dozens of sites across numerous countries.
Category Archives: Business News
Pivoting HexaCopter
Aeronautical engineer Dan Bosch was sitting around with his buddies Tom Brigham and Neil Puri talking about ways to improve unmanned aerial vehicles. The fixed wing kind are fast (over 100 mph) and economical, but can’t carry much of a payload and are bad at hovering. The rotor type, with four or six rotating blades, have great lift and hover well but are slow, topping out at around 40 mph. Continue reading
Drone Delivery Startup Flirtey raises $16 M
Drone delivery startup Flirtey has raised $16 million in Series A funding to bring its high-flying service to new customers, companies and possibly countries. Earlier, the startup raised $120,000 in seed funding and participated in the Y Combinator accelerator.
2016 Best Year Ever for Funding UAS Startups
It was a busy and abundant year for seed, crowd, series A,B,C,D and VC funding of robotics-related startups. 128 companies got funded, some multiple times. $1.95 billion, 50% more than 2015 which was also a phenomenal year with over $1.32 billion funded. Continue reading Alphabet Axes Titan Project
In 2014, Google bought Titan Aerospace, maker of high altitude, solar-powered drone aircraft. At the time Google noted, “It’s still early days, but atmospheric satellites could help bring internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation.” Continue reading
Liteye and Tribalco Team to Deliver AUDS Counter Drone Systems to US Military Customers
Liteye Systems, Inc., provider of the AUDS counter unmanned defense system, and Tribalco, LLC, a global integrated technology services and solutions company, have teamed up in order to deliver multiple AUDS systems to the U.S. Military.
Job Cuts at Parrot Trigger Share Crash
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.
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