Aerospace & Defense

VoltAero Expands to North America Through an Agreement With AltiSky for Cassio Aircraft Assembly, Sales, Training and Support

November 19, 2024 10:30 AM

ABU DHABI, ARAB EMIRATES / ACCESSWIRE / November 19, 2024 / VoltAero has signed a strategic partnership Memorandum of Understanding (MOU) with AltiSky for the Cassio electric-hybrid airplane family's local assembly and distribution across the U.S., Canada, Mexico and the Caribbean, selecting a partner that brings proven capabilities in aircraft marketing, distribution, maintenance, training and support. Under terms of the new agreement, AltiSky...

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Volatus Aerospace Secures DAIR Green Fund Grant for Detect and Avoid Technology, Accelerating BVLOS Operations

November 18, 2024 7:45 AM

Volatus Aerospace Inc. (TSXV:FLT.V)(OTCQX:TAKOF)(Frankfurt:ABB.F) (the "Company" or "Volatus") is pleased to announce that it has been awarded a grant of up to $75,000 from the Downsview Aerospace Innovation and Research (DAIR) Green Fund to develop and integrate an on-board "detect and avoid" (DAA) system to deconflict drones from other aircraft, enabling a major step forward in safe and scalable beyond visual line of sight (BVLOS) operations....

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Unusual Machines Issues Letter to Shareholders

November 14, 2024 4:05 PM

Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced it filed its Form 10-Q with the U.S. Securities and Exchange Commission for the third quarter of 2024 and provided the following letter to its shareholders from CEO Allan Evans. Dear Shareholders, This shareholder letter follows the completion of our third quarter of 2024. This quarter represents an...

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Safe Pro Group Reports 102% Revenue Growth in Third Quarter 2024

November 14, 2024 4:05 PM

Safe Pro Group Inc. (Nasdaq:SPAI) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing, today announced financial results for the third fiscal quarter ended September 30, 2024. "Following our IPO in August, each of our subsidiaries made significant progress, securing key domestic and international customers across commercial, government and law enforcement sectors....

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Cubic DTECH Fusion eHPC Receives VMware vSphere 8.0 Update 3 Certified Compatibility

November 13, 2024 9:00 AM

Delivering supercharged hybrid cloud technologies to the tactical edge in a single-case solution SAN DIEGO, CA / ACCESSWIRE / November 13, 2024 / Cubic Defense, a recognized industry leader in providing trusted, scalable and intuitive edge compute and networking platforms, announces DTECH Fusion TM Edge High-Performance Compute (eHPC) has received VMware vSphere 8 Update 3 Certified Compatibility. The certification validates the interoperability...

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Loar Holdings Inc. Reports Q3 2024 Results, Upward Revision to 2024 and Initial 2025 Guidance

November 13, 2024 8:00 AM

Loar Holdings Inc. (NYSE:LOAR) (the "Company," "Loar," "we," "us" and "our"), reported record results for the third quarter of 2024. Third Quarter 2024 Net sales of $103.5 million, up 25.0% compared to the prior year's quarter. Net income for Q3 2024 was $8.7 million, up $5.8 million compared to the prior year's quarter. Diluted earnings per share of $0.09. Adjusted EBITDA of $38.1 million, up 31.8% compared to the prior year's quarter. Net...

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FLYHT Strengthens Partnership with WestJet for AFIRS(TM) 228 Order on Boeing 737 MAX-10 Fleet

November 13, 2024 7:05 AM

FLYHT Aerospace Solutions Ltd. ("FLYHT") (TSX-V: FLY)(OTCQX: FLYLF) today announced that it received an order from WestJet Airlines, Ltd. to install the Company's TSO approved AFIRS™ 228S satcom solution on WestJet's fleet of Boeing 737 MAX-10 aircraft. "As we execute on our fleet growth and modernization plan, FLYHT's Iridium satcom solution provides us with the long-range data and voice communications that we require, while enabling us to...

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Chromalloy Enters New Engine Parts Supply Agreement With AAR for the Distribution of Chromalloy's Alternative Aftermarket Solutions

November 12, 2024 7:30 AM

PALM BEACH GARDENS, FL / ACCESSWIRE / November 12, 2024 / Chromalloy, a global leader in aftermarket engineering and manufacturing solutions for the aerospace and energy sectors, is pleased to announce the signing of a Distribution and License Agreement with AAR to distribute Chromalloy's Parts Manufacturer Approval (PMA) parts for the CF6-80C2 engine high-pressure turbine (HPT) Stage 1 and Stage 2 blades. Under the agreement, AAR will be the...

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VoltAero Readies the Production of Cassio Electric-Hybrid Aircraft at Its New Industrial Facility in Nouvelle-Aquitaine, France

November 8, 2024 12:00 PM

SAINT-AGNANT, FRANCE / ACCESSWIRE / November 8, 2024 / The inauguration of VoltAero's final assembly facility and headquarters at Rochefort Airport today marks a major new step toward certification and production of the company's Cassio electric-hybrid aircraft family, ushering in a new era of sustainable regional air transportation. This computer-generated image depicts the buildup of Cassio aircraft in VoltAero's final assembly facility at...

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Hoverfly Technologies Promotes Steve Topping to Chief Operating Officer

November 8, 2024 9:00 AM

The rapidly expanding tech company expands their leadership in anticipation of pivotal contract awards. SANFORD, FL / ACCESSWIRE / November 8, 2024 / Hoverfly Technologies, the leader in tethered drone technology, is excited to announce the promotion of Steve Topping to Chief Operating Officer (COO). In his new role, Steve will oversee the company's operational strategy and execution, focusing on continued growth and innovation in the field of...

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Unusual Machines to Host Q3 Earnings Call and Provide Corporate Update on Thursday, November 14, 2024

November 8, 2024 8:32 AM

Unusual Machines, Inc. (NYSE American:UMAC) (the "Company"), a leader in the American drone industry, will host a webcast on Thursday, November 14, at 4:30 p.m. ET to discuss the Company's operational and financial highlights for the third quarter ended September 30, 2024. A question-and-answer session will follow management's prepared remarks. Event: Unusual Machines Third Quarter 2024 Financial Results Conference Call Date: Thursday, November...

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Latitude Aero Granted Approval for Digital Recordkeeping in Accordance With FAA AC 120-78A Using Vista-Suite.com Enterprise

November 8, 2024 7:00 AM

Traditionally reliant on paper documentation, aviation companies like Latitude Aero face an increasing demand for digital solutions to streamline recordkeeping while keeping with FAA data security and regulatory compliance standards. GREENSBORO, NC / ACCESSWIRE / November 8, 2024 / Latitude Aero, a leading aircraft seating refurbishment company, has successfully transitioned to FAA-compliant digital recordkeeping and electronic signatures by...

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Velocity One Signs Merger Agreement With EMCORE (EMKR)

November 8, 2024 7:00 AM

Transaction Will Unite Industry Leaders to Create an Emerging Force in the Aerospace and Defense Industry FAIRFIELD, NJ / ACCESSWIRE / November 8, 2024 / Velocity One, a newly formed aerospace manufacturing holding company, announced today it has signed a merger agreement with EMCORE Corporation (Nasdaq:EMKR) ("EMCORE"), a provider of inertial navigation solutions to the aerospace and defense industry. Under the agreement, EMCORE will become a...

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MicroVision Announces Third Quarter 2024 Results

November 7, 2024 4:05 PM

REDMOND, WA / ACCESSWIRE / November 7, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its third quarter 2024 results. Key Business Highlights for Q3 2024 Actively engaged with top-tier global automotive OEMs, with seven high-volume RFQs for passenger vehicles and custom development opportunities. Actively engaged with multiple leading industrial companies for the...

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Safe Pro Group Surpasses 10,000 Mine Detections in Ukraine, Boosting Global Food Security and Land Reclamation Efforts

November 7, 2024 8:35 AM

AVENTURA, FL / ACCESSWIRE / November 7, 2024 / Safe Pro Group Inc. (NASDAQ:SPAI), a leader in artificial intelligence-driven drone imagery analysis, has reached a historic milestone in Ukraine: over 10,000 explosive devices detected using everyday drones and Artificial Intelligence (AI), paving the way for safer agricultural lands and enhanced food security worldwide. Safe Pro AI's cutting-edge SpotlightAI™ platform, powered by Amazon Web...

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Volatus Aerospace Inc. Corporate Update

November 7, 2024 7:45 AM

TORONTO, ON / ACCESSWIRE / November 7, 2024 / Today, Volatus Aerospace Inc. (TSXV:FLT.V)(OTCQX:TAKOF)(Frankfurt:A3DP5Y/ABBA.F) ("Volatus" or the "Company") provides a corporate update outlining recent developments aimed at strengthening leadership, accelerating commercialization, and positioning for growth in aerial solutions. New Board Appointment The Company is pleased to announce the appointment of Omar Mourad, CFA, Director, Private Equity -...

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Volatus Aerospace Inc. Announces Closing of Financing

November 6, 2024 9:00 AM

TORONTO, ON / ACCESSWIRE / November 6, 2024 / Volatus Aerospace Inc. (TSXV:FLT.V)(OTCQX:TAKOF)(Frankfurt:A3DP5Y, ABBA.F) ("Volatus" or the"Company") is pleased to announce that it has closed its previously announced commercially reasonable best efforts private placement of an aggregate of 19,766,000 units of the Company ("Units") at a price of $0.14 per Unit (the "Issue Price") for aggregate gross proceeds of $2,767,240.00 (the "Offering"). Each...

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Loar Holdings Inc. Announces Date and Time for Third Quarter 2024 Earnings Conference Call

November 6, 2024 8:00 AM

Loar Holdings Inc. (NYSE:LOAR), said it will report Q3 2024 earnings before the market opens on Wednesday, November 13, 2024. A conference call will follow at 10:30 a.m., Eastern Time. To participate in the call telephonically please dial +1 877-407-0670 / +1 215-268-9902. International participants can find a list of toll-free numbers here. A live audio webcast will also be available at the following link as well as through the Investor section...

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Chromalloy Appoints Lee S. Eckert as Chief Financial Officer

November 6, 2024 7:30 AM

Chromalloy Has Appointed Industry Finance Leader Lee S. Eckert as Chief Financial Officer PALM BEACH GARDENS, FL / ACCESSWIRE / November 6, 2024 / Chromalloy is pleased to announce the appointment of Lee S. Eckert to its Executive Leadership Team as Chief Financial Officer (CFO). In this role, Eckert will oversee all aspects of Chromalloy's financial operations, including long-term budget planning, cost management, and financial analytics, to...

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Volatus Aerospace Inc. and Kongsberg Geospatial Announce Strategic Collaboration to Advance BVLOS Operations Using IRIS Terminal Technology

November 5, 2024 7:45 AM

TORONTO, ON / ACCESSWIRE / November 5, 2024 / Volatus Aerospace Inc. (TSXV:FLT.V)(OTCQX:TAKOF)(Frankfurt:A3DP5Y/ABBA.F) ("Volatus" or the "Company"), a leader in advanced aerial solutions, and Kongsberg Geospatial ("Kongsberg"), a recognized innovator in geospatial software and situational awareness solutions, are pleased to announce a new collaboration to enhance Beyond Visual Line of Sight (BVLOS) capabilities for Remotely Piloted Aircraft...

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