Aerospace & Defense

Safe Pro Ballistic Protection Unit Continues to Ramp-Up Sales and Production With Deliveries of Concealable Body Armor to National Security Products Distributor

December 18, 2024 8:00 AM

AVENTURA, FL / ACCESSWIRE / December 18, 2024 / Safe Pro Group Inc. (NASDAQ:SPAI) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing, announced today that its ballistics protection unit, Safe-Pro USA LLC (Safe Pro USA) continues to ramp up US production to fulfill orders of concealable body armor vests to a national security and safety distribution client. The...

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HEICO Corporation Reports Record Net Income (Up 35%), Operating Income (Up 15%) and Net Sales (Up 8%) for the Fourth Quarter of Fiscal 2024

December 17, 2024 4:25 PM

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / December 17, 2024 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported net income increased 35% to a record $139.7 million, or $.99 per diluted share, in the fourth quarter of fiscal 2024, up from $103.4 million, or $.74 per diluted share, in the fourth quarter of fiscal 2023. Net income increased 27% to a record $514.1 million, or $3.67 per diluted share, in the fiscal year ended October 31, 2024,...

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HEICO Corporation Declares Cash Dividend; Sets Annual Meeting and Record Dates

December 17, 2024 1:20 PM

HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Board of Directors declared an $0.11 per share semiannual cash dividend payable on all shares of its Class A Common Stock and its Common Stock. The dividend is HEICO's 93rd consecutive semiannual cash dividend since 1979. The dividend is payable on January 17, 2025 to all shareholders of record on January 3, 2025. Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer,...

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CORAS Awarded Contract With Naval Air Systems Command (NAVAIR) PMA-266 to Accelerate Enhanced Decision Management, Technical Product Development, and Acquisition Process Improvement

December 17, 2024 10:00 AM

CORAS Federal, a FedRAMP High Decision Management Software as a Service (SaaS) solution, is pleased to announce a contract with NAVAIR's PMA-266 (Program office for Multi-Mission Tactical Unmanned Aerial Systems) to support program decisions, technical product development, and acquisition process improvement. "PMA-266 is a powerful Program Office devoted to the NAVAIR's mission of readiness and lethality," said CORAS President Dan Naselius....

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Hydrosat Caps a Transformative 2024 with Landmark Achievements in Satellite Technology, Market Expansion, and Government Partnerships

December 17, 2024 9:45 AM

Hydrosat, the climate tech company leveraging thermal imagery to measure water stress in agriculture and mitigate the effects of climate change, today announced that it will close out the most transformative year of its history. Key milestones in 2024 include the successful launch of its VanZyl-1 mission, several major new contracts, expansion into new markets, and sustained financial growth. These achievements advance Hydrosat's mission to...

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Loar Holdings Inc. Announces the Grant of Inducement Awards

December 16, 2024 4:35 PM

Loar Holdings Inc. (NYSE:LOAR) ("Loar," "we" and "our"), today announced that it has granted options to purchase an aggregate of 68,000 shares of common stock to three new employees. The options to purchase common stock were granted without stockholder approval as material inducements to the employees entering into employment with Loar pursuant to NYSE Listed Company Manual Section 303A.08 and were approved by the Compensation Committee of the...

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FLYHT Announces Shareholder Approval of its Acquisition by Firan Technology Group Corporation

December 16, 2024 1:41 PM

FLYHT Aerospace Solutions Ltd. ("FLYHT" or the "Company") (TSXV:FLY)(OTCQX:FLYLF) is pleased to announce that holders (the "Company Shareholders") of its common shares (the "Common Shares") have voted in favour of the previously announced acquisition of FLYHT by Firan Technology Group Corporation (TSX:FTG)(OTCQX:FTGFF) ("FTG") by way of plan of arrangement under the Canada Business Corporations Act (the "Arrangement") at FLYHT's special meeting...

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TransAstra Awarded Space Force TACFI Contract to Deploy Sutter TurnKey Observatory (TKO)

December 12, 2024 2:00 PM

TransAstra, a leader in advanced space technology, has been awarded a new contract from the United States Space Force to field a Sutter TKO unit and operate it for a period of six months to assist the Space Force in Space Domain Awareness. The contract, issued under the Small Business Innovation Research' (SBIR) Tactical Funding Increase (TACFI) program, underscores the revolutionary impact of Sutter TKO's cutting-edge capabilities in the SDA...

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Quantum Control and CORRIDOR Jointly Launch SalesEdge Quoting and AI Solutions Suite

December 12, 2024 9:00 AM

CAMP Systems' portfolio companies Quantum Control and CORRIDOR, leaders in aviation ERP and workflow automation, proudly announce the launch of SalesEdge Quoting and the first offering of their AI Solutions Suite, the beta version of the AI-Based Automated Parts Pricing Tool. These innovative technologies are poised to revolutionize how aviation parts sellers manage quoting processes and price their inventory, addressing critical inefficiencies...

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FLYHT Extends Software Services Agreement for Middle East Customer

December 12, 2024 7:05 AM

FLYHT Aerospace Solutions Ltd. ("FLYHT" or the "Company") (TSXV:FLY)(OTCQX:FLYLF) today announced that it has signed a multi-year contract renewal to provide recurring software services for a military customer located in the Middle East. The renewed agreement will help the end customer to continue to improve flight operations and maximize its efficiency. The military customer is renewing a suite of software, voice and data services across its...

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Volatus Aerospace Welcomes UK-Based Air Data Systems to its Ecosystem, Expanding Global Capabilities

December 11, 2024 7:45 AM

TORONTO, ON / ACCESSWIRE / December 11, 2024 / Volatus Aerospace Inc. (TSXV:FLT)(OTCQX:TAKOF)(FSE:ABBA) is pleased to announce the integration of key assets and capabilities from Air Data Systems (ADS), based in the United Kingdom, marking a strategic expansion of its global aerial solutions ecosystem. This collaborative arrangement strengthens Volatus' position as a leader in aerial intelligence and logistics by opening doors to new...

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Loar Announces Pricing of Upsized Public Offering

December 10, 2024 11:40 PM

WHITE PLAINS, NY / ACCESSWIRE / December 10, 2024 / Loar Holdings Inc. (NYSE:LOAR) ("Loar"), announced today the pricing of its upsized public offering of 5,750,000 shares of its common stock, including 1,897,500 shares offered by certain stockholders and 3,852,500 shares offered by Loar at $85.00 per share. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 862,500 shares of common stock at...

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Vaya Space Announces Multi-Launch Contract for Space Telecommunications, Inc.'s Satellite Constellation

December 10, 2024 8:45 AM

Vaya Space, a space and defense company, has announced a multi-launch contact for Vaya's Dauntless rocket to launch the first phase of Space Telecommunications, Inc.'s small-satellite constellation. Under the agreement, Dauntless will deploy up to 250 satellites in a multi-launch campaign set to commence in 2027. "Today's announcement is validation of the hard work of our entire team and a testament to the vision of our partners at Space...

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CORAS Achieves DoD IL5 on AWS GovCloud

December 10, 2024 7:00 AM

MCLEAN, VA / ACCESSWIRE / December 10, 2024 / CORAS Federal, a FedRAMP High Software as a Service (SaaS) is proud to announce that it has achieved Department of Defense (DoD) Impact Level 5 (IL5) Provisional Authorization (PA) indicating that a Cloud Service Offering (CSO) has met stringent security requirements, allowing it to handle Controlled Unclassified Information (CUI) and National Security Systems (NSS) data. This PA is granted by the...

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Loar Announces Launch of Public Offering

December 9, 2024 6:30 AM

Loar Holdings Inc. (NYSE:LOAR) ("Loar") announced today that it has launched the roadshow for the public offering of 4,750,000 shares of its common stock, including 1,583,333 shares offered by certain stockholders and 3,166,667 shares offered by Loar. In addition, such selling stockholders expect to grant the underwriters a 30-day option to purchase up to 712,500 additional shares of common stock at the public offering price, less underwriting...

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Mosaic ATM's COMETTS Training Program Successfully Implemented at the FAA's Air Traffic Control System Command Center

December 5, 2024 9:00 AM

Mosaic ATM is proud to announce the successful implementation of its Comprehensive Environment for Traffic Management Training by Simulation (COMETTS) system for the FAA's Air Traffic Control System Command Center (ATCSCC). COMETTS has been delivered to ATCSCC, and the NAS training team has begun using COMETTS to train new traffic management specialists. COMETTS is sponsored and funded by the NAS Human Factors Safety Research Lab (AAM-520) at...

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General Atomics Completes SiGA Cladded Nuclear Fuel Rod Irradiation Testing

December 4, 2024 3:00 PM

General Atomics Electromagnetic Systems (GA-EMS) announced today that unfueled nuclear fuel rods using the company's SiGA® fuel cladding successfully survived a 120-day irradiation testing period in the Advanced Test Reactor (ATR) located at Idaho National Laboratory. Testing was conducted to validate the robustness and integrity of the SiGA cladding after exposure to high neutron flux in a pressurized water reactor environment. Following the...

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Applied Energetics to Present at The Benchmark Company 13th Annual Discovery One-on-One Conference on December 11th, 2024, in New York City

December 4, 2024 8:30 AM

TUCSON, AZ / ACCESSWIRE / December 4, 2024 / Applied Energetics, Inc. (OTCQB:AERG), a leader in the field of advanced optical technologies and ultrashort pulse laser (USPL) technologies, today announced that Chris Donaghey, Chief Executive Officer, will be presenting at The Benchmark Company's 13th Annual Discovery One-on-One Investor Conference to be held Wednesday, December 11th, 2024 at the New York Athletic Club in New York City. The...

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Japan Maritime Defense Force Selects SeaGuardians From GA-ASI

December 3, 2024 2:00 PM

The Japan Maritime Self-Defense Force (JMSDF) has selected the General Atomics Aeronautical Systems, Inc. (GA-ASI) SeaGuardian® Remotely Piloted Aircraft (RPA) systems for its Long Endurance Unmanned Aerial Vehicle program. This follows JMSDF use of SeaGuardian since May 2023 as part of its Medium-Altitude, Long Endurance (MALE) RPA System Trial Operations Project. SeaGuardian has been used by JMSDF to conduct various tests including whether...

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HEICO Corporation Announces Regular Quarterly Conference Call

December 3, 2024 9:00 AM

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / December 3, 2024 / On December 17, 2024 after the NYSE closing, HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) will release its financial results for the fourth quarter ended October 31, 2024. The earnings release will be available through the Internet on the Company's website at https://www.heico.com. In order to assist interested parties in scheduling their participation in HEICO teleconferences, the...

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