Category Archives: Business News

Boeing and Lockheed Martin Joined to Secure $100+ BN Long-Range Strike Bomber Contract

lockheed_martin_long_range_strike_1The United States military is tasked with developing new and ground breaking technologies, but budget issues are causing problems for numerous programmes on the chopping block. Don’t expect that to happen to the U.S. Air Force Long Range Strike-Bomber (LRS-B), an important step in modernising the military’s combat aircraft programme. Continue reading

US Venture Capitalists Invested $40M in UAS Start-Ups in 9 Months

Tim DraperVenture capitalists like Tim Draper are placing their bets on the commercial applications of UAS. Draper, an early investor in Hotmail, Skype and Baidu, is now backing DroneDeploy, a start-up that is building software to direct unmanned aircraft on land mapping and the surveillance of agricultural fields.

“UAS hold the promise of companies anticipating our every need and delivering without human involvement,” Draper, 55, wrote in an e-mail. “Everything from pizza delivery to personal shopping can be handled by UAS.” Continue reading