Category Archives: News

AeroVironment to Acquire Arcturus UAV

AeroVironment, Inc. and Arcturus UAV, Inc., a privately-held provider of Group 2 and 3 unmanned aircraft systems (UAS) and services, announced that they have entered into a definitive agreement under which AeroVironment will acquire Arcturus UAV for a total purchase price of $405 million, including $355 million in cash and $50 million in AeroVironment stock. Continue reading

Cadillac Reveals VTOL Drone Concept at CES

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Insitu to Pay $25M in Whistleblower Recycled Parts Fraud Case

Insitu Inc., headquartered in Bingen, Washington, has agreed to pay $25 million to settle allegations that it violated the False Claims Act by knowingly submitting materially false cost and pricing data for contracts with the United States Special Operations Command (SOCOM) and the Department of the Navy (Navy) to supply and operate Unmanned Aerial Vehicles (UAVs), the Department of Justice announced on January 12. Continue reading

Abu Dhabi University Students win Grant for AI-Powered Drones

Abu Dhabi University has announced that Emirates Global Aluminum (EGA) has awarded an AED 150,000 grant to three proposals put forth by ADU Electrical, Computer, and Mechanical Engineering students. The grant will support the winning proposals to build artificial intelligence-powered drones and robots, in preparation for EGA’s third edition of the AI Robot competition. Continue reading