Category Archives: Business News

Northrop Grumman & UAE Higher Colleges of Technology Partner for Fourth Annual Unmanned Aircraft Innovation Challenge

NGUAENorthrop Grumman Corporation and the United Arab Emirates’ Higher Colleges of Technology (HCT) have signed a Memorandum of Understanding (MOU) to continue their highly successful science, technology, engineering and mathematics (STEM) partnership known as Innovation Challenge into 2014. Continue reading

Algeria Considers Adcom Systems Yabhon United 40 MALE UAS

Yabhon United 40

Algeria has set its eyes on the Adcom Systems Yabhon United 40 Block 5 Unmanned Aircraft System (UAS) at the ongoing Dubai Air Show 2013. Algiers wants to boost its medium-altitude long-endurance (MALE) intelligence, surveillance, and reconnaissance (ISR) capacity. The Yabhon United 40 Block 5 is considered to be likely included in its fleet very soon. Continue reading

Domestic Start-Up Provides Aerial Targets for Indian Armed Forces

jx2_bAerial targets are a niche area within the large defence sector. To provide high-quality training for fighter pilots and anti-aircraft gunners and to test the effectiveness of radar and missile systems, the armed forces need aerial targets that can simulate incoming aircraft, missiles or unmanned aircraft systems. Continue reading

CyPhy Works Raises $7M Venture Funding for Civil & Military UAS Development

parcCyPhy Works, a developer of advanced Unmanned Aircraft Systems (UAS), announced the close of a $7 million financing round led by Lux Capital, with participation from General Catalyst Partners, Felicis Ventures and several undisclosed prominent angel investors. As part of the financing, Lux Capital Partner Bilal Zuberi will join the CyPhy Works board of directors. Continue reading