National Security Innovation Capital (NSIC), a program within the Defense Innovation Unit (DIU) of the Department of Defense, has awarded a $1M contract to Parallel Flight Technologies (PFT), a California-based heavy-lift drone and hybrid propulsion technology company. This contract will support the advancement and expansion of its Long-Range Unmanned Aircraft System (UAS) to …
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Expanding the size of the angel investor pool who understand realistic market timing and technical platform requirements is valuable for the whole industry ecosystem. There are two emerging aerospace industry areas that the UAS Angel Network focuses on, Unmanned Aerial Systems (UAS) and Advanced Air Mobility technology (AAM). Both of …
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Issued on: 14/02/2022 – 03:03 The Saudi-led coalition fighting Iran-backed rebels in Yemen destroyed a communications system on Monday used for drone attacks and located near the telecoms ministry in Sanaa, it said in a statement. Riyadh intervened in the Yemeni civil war in 2015 to support the government against …
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Investment will fuel new innovation in U.S.-made, military-grade drone technology SALT LAKE CITY, Feb. 8, 2021 /PRNewswire-PRWeb/ — Teal Drones has accepted a multi-million-dollar investment package from Decathlon Capital Partners to fund the company’s growth and finance continued research and development efforts. The funding agreement comes as the innovative unmanned …
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