Boeing has said it is in talks with Indian companies to collaborate under the ‘Make in India’ initiative to manufacture Unmanned Aircraft System (UAS) that could be used for surveillance by the Indian Navy. Continue reading
Category Archives: Business News
GoPro Recalls Karma Drone 16 Days After Release
Just 16 days after releasing the Karma drone into the market, the company has issued a recall order for it. The struggling company needed the Karma drone and the Hero5 camera to do well this holiday season to be able to bounce back from a disastrous third quarter, which saw its revenue plunge by 40 percent to $240.6 million compared to the corresponding quarter last year. Continue reading
India Set to Acquire 100 Armed Avengers
The Indian Air Force is set to acquire its first missile-armed unmanned aerial vehicles (UAVs) from the US. The Indian Air Force has for years said it needs armed drones – weapon systems. Continue reading
Airbus a Takes Step Closer to Driverless ‘Flying Taxis’
Vahana, an electric, self-piloted vehicle project being developed by A³, the advanced projects and partnerships outpost of Airbus Group in Silicon Valley, recently awarded a Flight Test and Range Services contract to Modern Technology Solutions, Inc. (MTSI), and their partner, SOAR Oregon (SOAR). Continue reading
Elbit Forms JV in India
Adani Enterprises Ltd and Israel’s Elbit Systems India Ltd have formed a joint venture company, Adani-ElbitAdvanced Systems India Ltd (AEASIL), to manufactureunmanned aerial vehicles in India. While Adani group will own 51 percent stake in the JV, Israeli firm will hold the remaining stake. Continue reading
Global Marketplace for Drone Operations to Offer Real-Time Map and Footage Auditing
The global market for drone services is valued at $127 Billion by 2020 according to PricewaterhouseCoopers. Sales of consumer and prosumer drones are soaring and the Federal Aviation Authority (FAA) forecasts there will be more than 1.3 million licensed drone pilots by 2020 in the U.S. alone. Continue reading
AAI Gets $205M Shadow Contract for Australia
AAI Corporation was awarded a $206,561,704 cost-plus-fixed-fee foreign military sales (Australia) contract for contractor logistics sustainment services for Shadow RQ-7B unmanned aerial systems.
AeroVironment Gets $10M Contract from Dutch MoD
AeroVironment, Inc. has announced the receipt of a contract from the Netherlands Ministry of Defence on October 14 for small UAS, upgrades and support services totaling $10,321,375. Delivery is anticipated within six months.