Category Archives: Business News

European Commission Announces $77M Funding for European Counter-UAS Projects

The European Commission last week announced over €1 billion in funding for 54 additional defence projects through the European Defence Fund, bringing the total EU budgetary investments to more than €3 billion ($3.3BN) in collaborative defence R&D projects since the start of the EDF Regulation in May 2021. This new round includes over €71 Million ($77 Million) for European Counter-UAS (E-CUAS). Continue reading

EchoFlight Radar Integrated Into American Aerospace’s FAA-Approved BVLOS Unmanned Aircraft

Echodyne, the radar platform company, has announced that its EchoFlight radar is integrated into the American Aerospace Technologies, Inc. (AATI) AiRanger aircraft, which obtained a waiver from the Federal Aviation Administration (FAA) last week for commercial Beyond Visual Line-of-Sight (BVLOS) flight operations. Continue reading

Aerial Intelligence Company SwissDrones Closes Series B Growth Funding

Aerial intelligence company SwissDrones has announced the closing of its Series B equity growth funding round, securing over USD 10 million from a consortium of investors including aviation investor DiamondStream Partners, Chevron Technology Ventures, Ingleside Investors, and a continued commitment from existing shareholders, marking another significant milestone in the Company’s rapid development. The transaction closed on April 2, 2024. Continue reading