Category Archives: Business News

Airbus and Helsing to Collaborate on AI for Teaming of Manned and Unmanned Military Aircraft

Airbus Defence and Space and Helsing, a European defence AI and software company, signed a framework cooperation agreement at the ILA aerospace trade show in Berlin. According to the agreement, the companies will work together on artificial intelligence (AI) technologies which will be used in a future Wingman system. Continue reading

AgEagle Announces $2M Drone Sale to United Arab Emirates Distributor

AgEagle Aerial Systems Inc. has announced that the Company has secured a purchase order to deliver 20 eBee VISION full-stack systems with control systems, batteries, backpacks, and limited spares, to a leading distributor in the United Arab Emirates (UAE). The value of this system contract is expected to be approximately $2 million for fiscal year 2024. Continue reading

Airbus Defence and Space Partners with AI Start-Up NeuralAgent on Future Combat Air System Project

Airbus Defence and Space and NeuralAgent, an innovative AI start-up, have signed two contracts that will help shape the Future Combat Air System (FCAS) programme. This tri-national programme led by the Ministries of Defence from France, Germany and Spain marks a significant step forward in strengthening European Defence Systems, notably through cutting-edge artificial intelligence. Continue reading

NTT DOCOMO and Space Compass Partner with Airbus on HAPS to Invest USD$100M in AALTO

A consortium of Japanese businesses led by NTT DOCOMO, Inc.  and Space Compass Corporation, together with Mizuho Bank Limited and the Development Bank of Japan Inc., has committed to invest USD$100m in AALTO HAPS Limited, which manufactures and operates the stratospheric, solar-powered Zephyr High Altitude Platform Station (HAPS). The investment will be made through the Japanese Consortium’s investment vehicle, HAPS JAPAN Corporation. Continue reading