Boosted by an increase in sales, Monrovia-based drone maker AeroVironment Inc. exceeded analyst estimates and reported $8.1 million in fiscal fourth-quarter profit, a turnaround from the same period a year earlier. Continue reading
Category Archives: Business News
Amazon Prime Air Seeks PR Person
We’re looking for a communications leader for Amazon Prime Air, a new delivery system that will get packages into customers’ hands in 30 minutes or less using unmanned aerial vehicles. In this role, you will develop and execute on the communications program for an innovation coming out of our next generation R&D lab. This is a high-visibility position where you’ll work directly with Amazon senior executives and be an integral part of Amazon’s Strategic Communications team.
CybAero Wins $104M Order from China
Swedish firm, CybAero has landed an order guarantee worth $104 million over eight years to China for its unmanned helicopters. The order was placed by a company in the Aviation Industry Corporation of China (AVIC) group, which develops and manufactures aircraft and various types of flying vehicles and has over 400,000 employees. Continue reading
KAI Gears up to Develop Weaponized Stealth UAS
Korea Aerospace Industries (KAI) makes FA-50 fighter jets, supersonic trainer T-50s, which the light attacker was based on, and the Surion utility helicopter at a facility as big as three soccer fields on the country’s southern coastal. Now it seeks to expand its portfolio to accommodate the defence needs of Korea’s armed forces, as well as those of its allies.
Commercial UAS Market – Some Statisics
We received this interesting piece of research from reader Miles Grimshaw that we thought was well worth publishing. Miles is an investor at Thrive Capital (backing OpenGov, Warby Parker, Spotify and more). He has a professional and personal interest in the UAV and related markets e.g., mapping, computer vision. Continue reading
France Keeps Harfang Despite Reaper Purchase
Despite recently acquiring the GA-ASI Reaper from the U.S., the French Air Force has extended the service of its predecessor UAS, the Harfang, until at least the end of 2017. The Harfang UAS consists of IAI Heron 1 UAS that are equipped with a communications and control system designed by Airbus Defence & Space (previously EADS Cassidian) in France. Continue reading
Northrop Grumman Gets $63M US Navy X-47B Development Contract
Northrop Grumman Systems Corp., San Diego, California, is being awarded a $63,070,969 modification to a previously awarded cost-plus-fixed-fee contract for the Phase II continuation of post-demonstration activities in support of the Navy Unmanned Combat Air System programme.
Turkey Orders Skunk Riot Control UAS
Turkey’s Islamist government is facing scrutiny over its purchase of an unmanned aircraft system designed to battle civilian protesters. The opposition has questioned the government over its purchase of the Skunk Riot Copter.