UAV Factory, a vertically integrated manufacturer and designer of long endurance unmanned aerial vehicles and platforms, announced that it has secured first round of financing to meet increasing customer demand for UAV platforms, expand company’s engineering staff and improve company’s infrastructure. Continue reading
Category Archives: Business News
Northrop Grumman & Yamaha Motor Build Unmanned Helicopter System
Northrop Grumman Corporation and Yamaha Motor Corporation, U.S.A., have agreed to work together to develop and market an innovative small, unmanned autonomous helicopter system. Continue reading
Aurora Gets $14M US Navy Contract for iPad-based UAS controller
Aurora Flight Sciences has won a $13.7 million US Navy contract to complete development of a prototype system that allows an untrained operator to land an unmanned helicopter using a software application on an Apple iPad mini.
Saudi Arabia Buys China’s Pterodactyl UAS
Saudi Arabia has signed an agreement to purchase China’s Wing Loong medium-altitude long-endurance unmanned aerial vehicle, otherwise known as the Pterodactyl I, reports Huanqiu, the website of China’s nationalistic tabloid Global Times. Continue reading
L-3 Unmanned Systems Introduces New Unmanned Aircraft System
L-3 Unmanned Systems will introduce its Airborne Pursuit and Exploitation (APEX) Small Tactical Unmanned Aircraft System (UAS) at the Association for Unmanned Vehicle Systems International’s (AUVSI) Unmanned Systems 2014 conference.
Raytheon Gets $16M Fire Scout Linux Upgrade Contract
Unmanned aerial vehicle (UAV) control experts at the Raytheon Co. Technical Services segment in Dulles, Va., will switch a major unmanned helicopter control system from Solaris to Linux software, and upgrade the system with universal UAV control qualities under terms of a $15.8 million contract.
Europe and Asia to Overtake America in UAS R&D
By 2022, the United States is projected to spend less than half the worldwide total on UAS research and development, as other countries — principally in Asia — step up production of own unmanned aircraft, according to a report by national security consulting firm Forecast International.
Infotron Sold for $10M
Groupe Gorgé, via its subsidiary ECA S.A., has acquired French UA helicopter provider Infotron for €2.5 million and 375,000 shares of ECA – a combined value of around $10 million. The acquisition supplements ECA’s line of unmanned underwater and aerial devices and systems with a proven line of mini helicopter-type vertical takeoff UAS.