Northrop Grumman Corp’s chief executive on Wednesday praised a US export-control streamline effort, only weeks after voicing fears that existing curbs could doom the fledgling US industry making unmanned aircraft. Continue reading
Category Archives: Business News
Elbit Brazilian Subsidiary AEL and Embraer Defesa Create Joint Company - Harpia
Elbit Systems Ltd. announced that its Brazilian subsidiary AEL Sistemas S.A. signed several related agreements with Embraer Defesa e Segurança S.A., a subsidiary of Embraer S.A. Continue reading
AeroVironment Fiscal Q1 Results – Revenues Up 62%
AeroVironment has just reported its fiscal first-quarter results. The firm saw revenue climb 62% year over year to $62 million, driven by a 56% increase in its core UAS segment and a 105% growth in the smaller efficient energy systems business. Continue reading
Kratos Gets Contracts Worth $4.2 Million for Specialised UAS Programme Equipment
Kratos Defense & Security Solutions, Inc. has announced that it has received new contract awards totalling $4.2 million for certain Unmanned Aircraft System programme related equipment. Continue reading
Unmanned VTOL Start Up Lands in Oroville, California
A company that manufactures unmanned aircraft is hovering over the Oroville Municipal Airport. If the city of Oroville, California, economic development team is successful, AirCover Integrated Solutions will land at the airport and make miniature unmanned aircraft.
Northrop Grumman Cutting 500 Jobs
Northrop Grumman Corp. will cut 500 workers in its Aerospace Systems sector through a combination of voluntary and involuntary layoffs, it was announced last week.
INSYS Avionics Division Gets a New Look
The INSYS group has developed a new corporate image for its avionics division. All products and services for the aerospace industry are now marketed under the name INSYS aero. The division gets a new logo and a new website.
AAI Unmanned Aircraft Systems and AME Unmanned Systems Form Strategic Alliance
AME Unmanned Systems, a ChandlerMay, Inc. company, and AAI Unmanned Aircraft Systems, an operating unit of Textron Systems, a Textron Inc. company, announced that the two companies have entered into a strategic alliance agreement regarding unmanned systems development.