Category Archives: Business News

RTX Turns Cold War MANPAD into Modern Air-to-Air Weapon for Helicopters and Drones

Raytheon’s latest Air-to-Air Stinger launchers show how a 1980s shoulder-fired missile has evolved into a potent aircraft weapon. Integrated with helicopters and drones, the system adds new targeting, seeker upgrades, and all-weather capability, keeping the Stinger relevant in modern aerial combat and counter-UAS missions. Continue reading

Heven Unveils New Facility in Downtown Bingen

Zepher Flight Labs (ZFL), now a key part of Heven‘s expanding U.S. operations, hosted a ribbon-cutting ceremony yesterday to celebrate the opening of its new facility in downtown Bingen. The event drew community leaders, state officials, and industry partners to honor both ZFL’s legacy and its future at the forefront of hydrogen-powered unmanned aerial vehicle (UAV) development. Continue reading

Volatus Aerospace Secures $730K Tactical ISR Drone Contract from NATO Partner

Volatus Aerospace Inc., a Canadian supplier of aerial intelligence and cargo solutions, has secured a contract to deliver a fleet of lightweight tactical intelligence, surveillance, and reconnaissance (ISR) drone systems to a customer in a NATO member country. The initial contract is valued at approximately C$1M (USD 727,000) and is expected to be fulfilled in August 2025, at gross margins in line with the Company’s standard defense sector equipment delivery. Continue reading

Destinus Acquires Daedalean to Expand AI Capabilities in Flight Systems

Destinus Group BV announced it has signed a binding agreement to acquire Zurich-based Daedalean AG, a leader in aviation AI solutions, for CHF 180 million (approximately USD 225 million) in a combined cash-and-stock transaction. The acquisition, expected to close by the end of 2025, integrates state-of-the-art AI into Destinus’s core products, significantly enhancing the company’s technological strength. Continue reading

Rantizo Inc. Rebrands as American Autonomy Inc.

Rantizo, Inc. has announced the strategic sale of its drone spraying operations business to a specialized investment group with extensive experience in agricultural technology and aerial application services. Under new ownership, the Rantizo brand and name will continue as a trusted leader in drone spraying services, ensuring ongoing expansion and strengthening of its legacy of precision, reliability, and innovation nationwide. Continue reading