Expanding NATO’s joint intelligence, surveillance and reconnaissance (ISR) capability, Northrop Grumman Corporation and its industry partners together with NATO leaders unveiled the first NATO Alliance Ground Surveillance (AGS) aircraft to an audience of customers, distinguished guests, employees and community leaders.
Category Archives: Business News
Combustion Engined Quadcopter
A German company airstier is building a quadcopter powered by a combustion engine, rather than batteries. The firm has launched a Kickstarter bid for yeair, a quadcopter driven by combustion engines that has a top speed of 100 km/h (62 mph), which can stay airborne for up to 60 minutes and carry up to 5kg in weight. Continue reading
French Air Force Adds Third Reaper to Fleet
General Atomics Aeronautical Systems, Inc. has announced that it has delivered a third Predator B/MQ-9 Reaper RPA to the French Ministry of Defence. Delivered less than two months after contract award, the aircraft joins two other French Reapers in service, which together have accumulated over 4,000 flight hours since operations began in January 2014.
Airware Launches Drone Investment Fund
Airware is announcing the Commercial Drone Fund, which will invest $250,000 to $1 million in dozens of early stage startups that are building out other components of the enterprise drone ecosystem. The fund’s first two investments are in RedBird, a Paris-based drone data processing startup, and Sky-Futures, a London company that builds drone sensors for monitoring oil and gas infrastructure. Continue reading
DJI and Accel Announce SkyFund
Accel invested $75 million into DJI this month, sparking this new partnership. Skyfund will make $250,000-plus investments in early stage drone startups through convertible notes or traditional seed and Series A rounds. DJI and Accel will have the option to make follow-on investments. Continue reading
General Atomics Gets $72M US Air Force Contract for 8 Reapers
General Atomics – Aeronautical Systems Inc., Poway, California, has been awarded a fixed-price incentive firm and firm-fixed-price $72,068,072 modification (01) to order 077 on the basic ordering agreement FA8620-10-G-3038.
US Special Operations: SnowGoose Delivers
Robonic and Lockheed Martin Team on New‐Generation Tactical Drone Launcher
Robonic Ltd Oy of Finland (Sagem / Safran) and Lockheed Martin of the United States have signed an agreement to develop a smaller, more efficient and transportable fourth‐generation pneumatic launcher for drones, called OHTO.