Aerospace & Defense

Metro Aviation Orders BETA Technologies’ eVTOL for Medical Transport

November 4, 2024 5:45 PM

Metro has placed a deposit-backed order for up to 20 A250 aircraft, with plans to integrate the airframe into its existing fleet. SHREVEPORT, LA / ACCESSWIRE / November 4, 2024 / Metro Aviation, the world's largest family-owned, traditional air medical operator, has placed a deposit-backed order for up to 20 electric vertical takeoff and landing ALIA VTOL aircraft manufactured by electric aerospace company, BETA Technologies. Metro plans to...

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HEICO Corporation Subsidiary Acquires Specialty Component Maker in India

November 4, 2024 8:55 AM

MIAMI, FL, PARIS, FRANCE, and CHENNAI, INDIA / ACCESSWIRE / November 4, 2024 / HEICO Corporation today announced that its Paris, France-based Exxelia subsidiary acquired 70% of SVM Private Limited ("SVM") for cash paid at closing. Exxelia is part of HEICO's Electronic Technologies Group. SVM's management retains the remaining 30% ownership. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following...

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MicroVision to Announce Third Quarter 2024 Results on November 7, 2024

October 31, 2024 9:20 AM

MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announces that it will report its third quarter 2024 results on Thursday, November 7, 2024 after the market close. The Company will subsequently hold a conference call and webcast, consisting of prepared remarks by management, a slide presentation, and a question-and-answer session at 1:30 PM PT/4:30 PM ET on Thursday,...

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Unusual Machines Announces Closing of $1.95 Million Private Placement

October 30, 2024 4:55 PM

Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced the closing of a private placement with certain institutional investors. The aggregate gross cash proceeds were approximately $1,955,000, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement...

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Ambry Hill Technologies and Locatory.com Partner to Deliver Integrated Aviation Software Solutions

October 30, 2024 8:00 AM

CAMBRIDGE, MN / ACCESSWIRE / October 30, 2024 / Through the partnership, Locatory.com's global aviation parts marketplace integrates with Ambry Hill's Vista-Quote.com, an aviation RFQ and quote automation platform. This integration can automate the entire Request for Quote (RFQ) process for users on both platforms to improve response times and reduce repetitive data entry. From updating listed inventory availability to fully integrated RFQ and...

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Unusual Machines Announces Pricing of $1.96 Million Private Placement

October 29, 2024 1:15 PM

Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced the pricing of a private placement with certain institutional investors. The aggregate gross cash proceeds were approximately $1.96 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private...

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Helio Corporation Announces Launch of Radar Antennas on NASA Europa Clipper Mission

October 29, 2024 10:00 AM

BERKELEY, CA / ACCESSWIRE / October 29, 2024 / Heliospace, a subsidiary of Helio Corporation (OTC Pink:HLEO) has announced the successful launch of its deployable radar antennas aboard the NASA Europa Clipper spacecraft on Oct 14, 2024. Heliospace designed, assembled, tested, and delivered these antennas under contract with Caltech as part of the Radar for Europa Assessment and Sounding: Ocean to Near-surface (REASON) instrument onboard Europa...

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Volatus Aerospace Inc. Announces $5,000,000 Million Brokered Private Placement

October 28, 2024 6:35 PM

Volatus Aerospace Inc. (TSXV:FLT.V)(OTCQX:TAKOF)(Frankfurt:A3DP5Y/ABBA.F) ("Volatus" or the "Company") is pleased to announce that it has entered into an agreement with Ventum Financial Corp. ("Ventum"), on behalf of a syndicate of agents (collectively, the "Agents"), pursuant to which Ventum has agreed to act as co-lead agent, together with Cormark Securities Inc. (together with Ventum, the "Co-Lead Agents"), in connection with a brokered...

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Safe Pro AI Releases Video Highlighting its Impact Using Drones and AI-Powered Image Processing in Demining Ukraine

October 28, 2024 10:35 AM

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 shared a video highlighting the capabilities of the Company's patent-pending SpotlightAI™ AI-powered demining solution presented by Amazon Web Services (AWS) at this year's AWS Summit Washington, D.C. The video highlights AWS Partners in the AWS Partner Network (APN)...

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Safe Pro AI Deploys 3-D Drone Imagery AI Analysis Tool Powered by Amazon Web Services (AWS) In Global Mine Action Mission of Saving Lives

October 28, 2024 9:00 AM

Safe Pro Group Inc. (Nasdaq:SPAI) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI) solutions specializing in drone imagery analysis, today announced its Safe Pro AI unit has launched SpotlightAITM 3.0, the next generation of its patent-pending AI solution powered by Amazon Web Services (AWS). SpotlightAITM is currently in use in Ukraine by multiple international humanitarian mine action (HMA) organizations and...

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Volatus Aerospace Completes Large Drone Solar Farm Inspection Contract

October 28, 2024 3:00 AM

Volatus Aerospace Inc. (TSXV:FLTV)(OTCQX:TAKOF)(Frankfurt:A3DP5Y/ABBA.F) is pleased to announce the successful completion of a large drone solar farm inspection project. The inspection spanned 2,250 acres, covering over 400MW of solar power capacity and 762,750 solar panels across 16 solar fields and 1 large substation. This milestone highlights Volatus' expertise in providing innovative aerial solutions for critical infrastructure sectors,...

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ATS Technic and ATS Maintenance Announce Strategic Partnership to Enhance Line Maintenance Services Across Europe and the Middle East

October 25, 2024 9:30 AM

BARCELONA, SPAIN / ACCESSWIRE / October 25, 2024 / ATS Technic, the UAE's first independent EASA-certified provider of line maintenance and logistics services, and ATS Maintenance, a leading European MRO based in Denmark, are pleased to announce a new strategic partnership aimed at strengthening aircraft maintenance operations between Europe and the Middle East. ATS Technic and ATS Maintenance signing the MOU at MRO Europe 2024 With similar...

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Safe Pro's Airborne Response Adds Skydio Autonomous Drone Technology to its Solutions Portfolio for Public Safety, Energy Utility, Critical Infrastructure and Government Applications

October 22, 2024 8:35 AM

Safe Pro Group Inc. (NASDAQ:SPAI) ("Safe Pro" or the "Company"), a leading provider of mission-critical aerial and artificial intelligence (AI) solutions, today announced that its Airborne Response (Airborne) division has entered into an agreement with Skydio, Inc. to offer hardware and software solutions for public safety, emergency services, disaster response, and critical infrastructure customers. Airborne Response is one of Florida's...

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Volatus Aerospace Secures $15 Million in Financing from Major Institutional Investors

October 21, 2024 7:10 PM

TORONTO, ON / ACCESSWIRE / October 21, 2024 / Volatus Aerospace Inc. (TSXV:FLT.V)(OTCQX:TAKOF) (Frankfurt:A3DP5Y/ABBA.F) ("Volatus" or the "Company") is pleased to announce the successful closing of a total of $15 million in combined funding from Investissement Québec and Export Development Canada ("EDC") (together, the "New Financing"). This New Financing will allow Volatus to expand its operations and accelerate the development of its aerial...

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FLYHT Enters Into Definitive Agreement to be Acquired by Firan Technology Group

October 21, 2024 5:40 PM

CALGARY, AB / ACCESSWIRE / October 21, 2024 / FLYHT Aerospace Solutions Ltd. ("FLYHT") (TSXV:FLY)(OTCQX:FLYLF) today announced that it has entered into a definitive arrangement agreement (the "Agreement") to be acquired by Firan Technology Group Corporation (TSX:FTG)(OTCQX:FTGFF) ("FTG"), a global corporation providing solutions for aerospace and defense electronic products and sub-systems, in a cash and share transaction valued at approximately...

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HEICO Corporation Acquires Leading Business Jet In-Cabin Component Maker

October 21, 2024 8:30 AM

MIAMI, FL and DERBY, KS / ACCESSWIRE / October 21, 2024 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Electronic Technologies Group acquired approximately 88% of Mid Continent Controls, Inc. ("MC2") for cash at closing. Key MC2 managers will continue to own the balance of the company. Additional financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings within the year...

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Aerospace Technical Services Reaffirms Commitment to Ethical Business Practices in Newly Revised Code of Conduct

October 17, 2024 11:00 AM

DUBAI, ARAB EMIRATES / ACCESSWIRE / October 16, 2024 / Aerospace Technical Services ("ATS"), a leading global distributor of aviation parts and provider of aviation maintenance, repair, and overhaul (MRO) solutions, is pleased to announce the adoption of its newly revised ATS Code of Conduct. This comprehensive update marks the launch of a broad and continuous initiative to ensure that ATS's compliance framework reflects the high level of...

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Safe-Pro USA Launches Advanced, High-Performance, Ultra-Lightweight "305 PRO" Body Armor Plate for Law Enforcement

October 17, 2024 8:47 AM

Safe Pro Group Inc. (NASDAQ:SPAI) ("Safe Pro" or the "Company"), a premier provider of artificial intelligence (AI) solutions specializing in drone imagery processing, announced today that its ballistics protection unit, Safe-Pro USA LLC has introduced its latest advancement, the ultra-lightweight and ultra-thin "305 PRO" hard armor plate, with the first units delivered to a South Florida Police Department. The new "305 PRO" hard armor plates...

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Focused Support and Fulcrum Autonomy Announce Strategic Partnership to Advance Autonomous Collaborative Systems

October 16, 2024 10:00 AM

WELLSVILLE, UT / ACCESSWIRE / October 16, 2024 / Focused Support LLC, the global authority in mission execution and situational awareness software, and Fulcrum Autonomy, a pioneering developer of multi-domain autonomous systems (MDAS), announce a strategic partnership to create fully integrated AI-driven mission control solutions, offering unprecedented operational capabilities to defense and commercial clients worldwide. In addition to the...

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MicroVision Announces Shareholder Update Conference Call on October 18, 2024 at 10:00 AM ET

October 16, 2024 9:20 AM

MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, will host MicroVision Shareholder Update Conference Call and Webcast on October 18, 2024 at 10:00 AM ET. MicroVision invites shareholders and interested investors to participate in this conference call and webcast which will consist of prepared remarks by management, and a question-and-answer session. Investors may pose questions...

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