Category Archives: Business News

Advanced Aircraft Company Secures AFWERX Phase II Contract for Next-Gen Tactical UAS

Advanced Aircraft Company , a manufacturer of distributed electric propulsion tilt-wing and multi-rotor uncrewed aircraft vehicles, has been selected by AFWERX for a Direct-to-Phase II contract in the amount of $1.25M focused on its Hybrid Advanced Multirotor Unmanned Aircraft System (HAMR) to address the most pressing challenges in the Department of the Air Force . Continue reading

Private-Equity Firm Acquires Kaman for $1.8 BN

Kaman Corp. announced that it has entered into a definitive agreement to be acquired by Arcline Investment Management, L.P., a growth-oriented private equity firm with deep experience investing in technology-driven, meaningful-to-the-world industrial businesses, in an all-cash transaction with a total enterprise value of approximately $1.8 billion. Continue reading