Workhorse Group reported lower-than-expected revenue and another loss in the third quarter, this time blamed on California excluding its electric trucks from an incentive program. The Cincinnati-based company also may sell its drone business as it struggles to conserve cash it needs to scale the core medium-duty electric truck operation. Continue reading
Category Archives: Business News
Disused Dutch Military Anti-Aircraft Guns Head to Ukraine to Combat Russian Drones
The Cheetah PRTL anti-aircraft gun used by the Dutch military is being given a new lease on life. These German anti-aircraft guns sold by the Dutch military to Jordan are now set to be deployed in Ukraine to combat Russian drones. Continue reading
India Orders Hermes 900 for Army, Navy
The Indian government has ordered Elbit Systems Hermes 900 StarLiner unmanned aircraft systems (UAS) for the Indian Army and Indian Navy, according to a defence source. Continue reading
Ghana Navy to Recover Lost Zipline Drones
Ghana Navy has signed a Memorandum of Understanding (MoU) with Fly Zipline Ghana Limited, a drone delivery company to offer assistance in the recovery of their lost drones and supplies along the major river bodies in the country. The MoU further seeks to enhance collaborations in the area of capacity building and afford training opportunities between the two institutions. Continue reading
GA-ASI Partners with EDGE to Integrate Smart Weapons onto MQ-9B
General Atomics Aeronautical Systems, Inc. , a leading designer and manufacturer of proven, reliable Remotely Piloted Aircraft systems, radars, electro-optics, and related mission systems, and EDGE, a world-leading advanced technology group for defence and beyond, have announced an agreement to integrate EDGE smart weapons onto GA-ASI’s MQ-9B SkyGuardian RPA. Continue reading
EHang Stockholders to Investigate Claims into Unlawful Business Practices
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against EHang Holdings Limited (“EHang” or the “Company”) (NASDAQ: EH) on behalf of EHang stockholders. Our investigation concerns whether EHang has violated the federal securities laws and/or engaged in other unlawful business practices. Continue reading
Airbus to Provide Sales and Operations Support of Silent Arrow UAS to European Markets
Silent Arrow has announced the signing of a Memorandum of Understanding between Airbus DS Airborne Solutions GmbH (Airbus), MEL Aviation Ltd and Yates Electrospace Corporation (dba Silent Arrow) to manufacture, distribute and support the Silent Arrow GD-2000 heavy cargo delivery UAS platform for European market segments to include: Continue reading
Airbus US Space & Defense Launches UAS Business Line
Airbus U.S. Space & Defense has unveiled a new business line focused on helping the Department of Defense meet its demand for uncrewed aircraft systems to detect and counter threats. Continue reading