Analysts following AeroVironment ($631 million market cap) find that it is full of surprises. When the company reported its Q2 2014 numbers, revenues were down 19% year over year, but the news wasn’t nearly as bad as the 33% plunge in revenues that investment banker Sterne Agee had predicted. Continue reading
Category Archives: Business News
India to Buy 15 Heron UAS from Israel
A proposal to procure 15 Heron UAS at a cost of around Rs 1,200 crore (USD 195M) was approved by the Cabinet committee on security headed by Prime Minister Manmohan Singh at its recent meeting . Continue reading
General Atomics gets $362M US Air Force Predator Logistics Contract
General Atomics Aeronautical Systems, Inc. has been awarded a $362,193,866 cost-plus-fixed-fee contract for Predator (MQ1)/Reaper (MQ9) Unmanned Aerial Systems contractor logistic support sustainment. Continue reading
Marques Aviation Announces Ma Thor Twin Tail Boom UAS
Marques Aviation in the UK has launched the MA THOR Twin, a versatile aircraft to be used in commercial and military missions as diverse as remote sensing and mapping, land and maritime border patrol, sea and land search and rescue, long endurance persistent surveillance, monitoring of oil and gas installations and pipelines, inspection of natural disasters, ecological work, firefighting, and many others. Continue reading
US Law Firm Launches Unmanned Aircraft Systems Practice Group
In light of the increasing use of UAS for commercial purposes, Kramer Levin Naftalis & Frankel LLP has launched a practice group dedicated to providing counsel to clients in this rapidly growing industry. The Unmanned Aircraft Systems Practice Group is a multidisciplinary team of Kramer Levin attorneys who are versed in the legal complexities of the nascent commercial UAS revolution. Continue reading
Northrop Grumman to Operate Man-Hunting Radar for Unmanned Aircraft Operations in Afghanistan
Airborne radar experts at the Northrop Grumman Corp. Electronic Systems segment in Linthicum, Md., will continue to operate and support a system designed to detect and follow people traveling on foot, as well as moving land vehicles, under terms of a $65.3 million contract modification. Continue reading
More UAS Included in Japan’s New $239 BN 5-Year Defence Budget
Japan’s new five-year defence plan approved by Prime Minister Shinzo Abe’s cabinet was unveiled on Tuesday. The details have indicated territory and island protection as one of the main security concerns for the country, justifying an increase in the budget allotted for defence equipment, including surveillance UAS and creating a Marine Corps-type of unit. Continue reading
Sikorsky Innovations Gets $15M DARPA Contract for Phase 1 VTOL-X Plane Design
Sikorsky Innovations, the technology development organization of Sikorsky Aircraft Corp., has announced it has won a contract for Phase 1 of the Vertical Take-Off and Landing Experimental Aircraft (VTOL X-Plane) programme by the U.S. Defense Advanced Research Projects Agency (DARPA). Continue reading