Aerit, a Swedish company in the field of drone technology for last mile deliveries, including food, parcels, medicines, and other goods, has announced that it has filed for bankruptcy. Nils Åberg, Advokatfirman Carler, has been appointed administrator. Continue reading
Category Archives: Business News
BlueHalo Gets $95M US Army Contract to Advance Directed Energy Technology
The U.S. Army Space and Missile Defense Command (SMDC) has awarded BlueHalo a $95.4M contract for advanced Directed Energy prototype development as part of the Laser technology Research Development and Optimization (LARDO) program through the Aviation & Missile Technology Consortium . Continue reading
American Robotics Launches Maryland Headquarters
Ondas Holdings Inc., a provider of private industrial wireless networks and commercial drone and automated data solutions, announced that its wholly owned subsidiary American Robotics Inc. will host the grand opening of its Maryland headquarters with an event being held on June 12th – 13th. Continue reading
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
Baykar Delivers Last Batch of TB2 Drones to Poland
Turkish aviation firm Baykar delivered 24 Bayraktar TB2 unmanned combat aerial vehicles (UCAVs) to Poland this month, the Secretariat of Defense Industries (SSB) said Friday. Continue reading
Airbus US Space & Defense to Develop Prototype UH-72 Lakota Drone for US Marines
Naval Air Systems Command (NAVAIR) awarded Airbus U.S. Space & Defense a Phase I Other Transactional Authority Agreement, through Naval Aviation Systems Consortium, in support of the United States Marine Corps Aerial Logistics Connector. 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