AeroVironment to Establish Industrial Presence in Greece Through AV Eagle

AeroVironment, Inc. has announced that it will establish an industrial presence in Greece through AV Eagle, a joint-venture with Athens-based Eyeonix SA, following the completion of a definitive shareholders agreement and securing Foreign Direct Investment approval from the Hellenic Republic Ministry of Foreign Affairs. Continue reading

Elroy Air Gets $46M US Army Contract

Elroy Air, Inc., a U.S.-based technology developer of autonomous heavy-cargo drones for defence, rapid response and commercial logistics announced today that it has been awarded a $46 million, multi-year contract with the U.S. Army for the development of an autonomous hybrid-electric vertical take-off and landing (VTOL) unmanned aircraft system for modular multi-mission payload delivery. Continue reading