Aerospace & Defense

Gustav Wollenzien: A Rising Star in Aircraft Sales at SOLJETS

May 15, 2024 11:00 AM

SOLJETS Celebrates the rapid rise of Gustav Wollenzien to Regional Sales Director, highlighting his exceptional career growth and strategic impact in the aviation industry since 2020. PARK CITY, UT / ACCESSWIRE / May 15, 2024 / SOLJETS, a leading aircraft brokerage based in Park City, Utah, celebrates the exceptional career progression of Gustav Wollenzien, who has quickly ascended to the role of Regional Sales Director. Since joining the...

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Piasecki Aircraft Reveals Progress in U.S. Department of Energy Hydrogen-Powered Urban Air Mobility Feasibility Study

May 14, 2024 9:00 AM

Piasecki Aircraft Corporation (PiAC), a pioneer in advanced rotorcraft and unmanned aircraft systems technology, announced that it has been awarded a Small Business Innovation Research (SBIR) contract by the Department of Energy (DOE) to evaluate the feasibility of Hydrogen Fuel Cell Powered Urban Air Mobility (UAM) rotorcraft. The study is focused on the feasibility of using hydrogen fuel cells as a power source for vertical takeoff and landing...

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Loar Holdings Inc. Reports Q1 2024 Results and Capital Structure Updates

May 14, 2024 8:00 AM

WHITE PLAINS, NY / ACCESSWIRE / May 14, 2024 / Loar Holdings Inc. (NYSE:LOAR) (the "Company," "we," "us" and "our"), reported record results for the first quarter of 2024. First Quarter 2024 Net sales of $91.8 million up 23.7% versus prior year's quarter. Net income for Q1 2024 was $2.2 million, up $9.8 million as compared to Q1 of 2023. Adjusted EBITDA of $33.0 million, up 23.0% over prior year's quarter. Net income margin in the quarter...

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HEICO Corporation Announces Regular Quarterly Conference Call

May 13, 2024 4:15 PM

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / May 13, 2024 / On May 28, 2024 after the NYSE closing, HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) will release its financial results for the second quarter ended April 30, 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 Company issues...

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Volatus Releases 2023 Financial Results and Provides General Corporate Update

May 12, 2024 8:13 PM

Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("Volatus" or "the Company"), a leader in the drone industry, is pleased to announce its financial results for the year ended Dec 31, 2023. The Company generated revenues of $34,872,815 for the year ended Dec 31, 2023, with a 32% gross margin, and adjusted EBITDA improvement of $1,981,972 from ($5,616,940) in 2022 to ($3,634,968) in 2023. The Company announces that it has restated its financial...

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Canada Jetlines Announces Q1 2024 Financial Results

May 10, 2024 5:00 PM

TORONTO, ON / ACCESSWIRE / May 10, 2024 / Canada Jetlines Operations Ltd. (Cboe CA:CJET) ("Canada Jetlines" or the "Company"), one of Canada's leading leisure airlines, today reported financial results for the first quarter ended March 31, 2024. All financial figures are in Canadian dollars and in accordance with IFRS as presented in the annual consolidated financial statements. Q1 2024 Three-Month Period Financial Results: Operating revenues of...

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Volatus Aerospace Announces Late Filing of Annual Financial Statements and Failure-to-File Cease Trade Order

May 7, 2024 7:10 PM

TORONTO, ON / ACCESSWIRE / May 7, 2024 / Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("VOL" or the "Corporation") announces that the Ontario Securities Commission (the "OSC") has notified the Corporation that it has issued a failure-to-file cease trade (the "FFCTO") order against the Corporation under Multilateral Instrument 11-103 - Failure-to-File Cease Trade Orders in Multiple Jurisdictions. The FFCTO was issued as a result of the...

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

May 7, 2024 5:00 PM

WHITE PLAINS, NY / ACCESSWIRE / May 7, 2024 / Loar Holdings Inc. (NYSE:LOAR), said it will report Q1 2024 earnings before the market opens on Tuesday, May 14th, 2024. A conference call will follow at 10:30a.m., Eastern Time. To participate in the call telephonically please dial 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...

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Cubic Introduces DTECH Fusion Edge High-Performance Compute (eHPC) at Special Operations Forces Week

May 7, 2024 10:00 AM

Delivering complex data, artificial intelligence and machine learning capabilities to the tactical edge SAN DIEGO. CA / ACCESSWIRE / May 7, 2024 / Cubic, a recognized industry leader in providing trusted, scalable and intuitive edge compute and networking platforms, is launching DTECH Fusion Edge High-Performance Compute (eHPC). Fusion eHPC is a single-case solution that enables complex, data-rich processing at the edge, in denied, disrupted,...

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Loar Holdings Inc. Announces Addition of Paul Dolan as Executive Vice President

May 6, 2024 8:00 AM

Loar Holdings Inc. (the "Company" or "Loar"), a leading provider of niche aerospace and defense components, announced that Paul Dolan has joined the organization as Executive Vice President. Mr. Dolan will have operational, financial, and strategic oversight of Maverick Molding Co., Pacific Piston Ring Co., Inc., AGC Acquisition LLC d/b/a AGC Incorporated, and SAF Industries LLC d/b/a Gar Kenyon. Paul comes to Loar with over 25 years of...

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UVify Sets New Guinness World Record With 5,293 IFO Drones in Spectacular Aerial Display

May 3, 2024 11:00 AM

UVify, the leader in swarm drone innovation, has achieved a new Guinness World Record for the most unmanned aerial vehicles (UAVs) airborne simultaneously. INCHEON, SOUTH KOREA / ACCESSWIRE / May 3, 2024 / UVify, the leader in swarm drone innovation, has achieved a new Guinness World Record for the most unmanned aerial vehicles (UAVs) airborne simultaneously. This historic event took place in Songdo, Korea, where UVify orchestrated a...

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Cubic to Demonstrate Mission-Driven Multi-Domain Solutions at SOF Week 2024

May 1, 2024 9:00 AM

Accelerating Decision Dominance at the Tactical Edge SAN DIEGO, CA / ACCESSWIRE / May 1, 2024 / Cubic Defense will showcase decision dominance at the tactical edge solutions during this year's Special Operations Forces (SOF) Week from May 6-10 in the Tampa Convention Center, Tampa, Florida. "We're looking forward to demonstrating how our advanced solutions can support the SOF community," said Anthony Verna, SVP and GM, Cubic DTECH Mission...

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Cubic to Demonstrate Advanced Intelligence Technologies at GEOINT 2024 Symposium

April 30, 2024 9:00 AM

Accelerating Decision Dominance from Space to the Edge SAN DIEGO, CA / ACCESSWIRE / April 30, 2024 / Cubic Defense, a recognized industry leader in providing digital intelligence, will showcase its all-domain geospatial intelligence solutions May 5-8 during the GEOINT 2024 Symposium at the Gaylord Palms Resort & Convention Center in Orlando, Florida. "Cubic Digital Intelligence delivers actionable and seamless data integration from space to...

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VoltAero Initiates Certification Testing for the Electric-Hybrid Powertrain to Equip Its Cassio 330 Aircraft

April 25, 2024 12:00 PM

MÉDIS, FRANCE / ACCESSWIRE / April 25, 2024 / In a major new milestone for VoltAero's development of its Cassio e-aircraft family, the company's parallel electric-hybrid powertrain has begun certification testing for the five-seat Cassio 330 version. Installed on a ground-based test bench, this powertrain integrates the key elements for series production Cassio 330s: Safran Electrical & Power's ENGINeUS™ 100 smart electric motor; and Kawasaki's...

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Safe Pro AI Published in IEEE Spectrum Featuring SpotlightAI(TM) AI-Powered Land Mine Detection Technology in Ukraine

April 25, 2024 11:20 AM

Article Features an Insider's Look at SpolightAI's Development and Highlights Progress of Ramping-up Operations in Support of Humanitarian Mine Action Efforts in Ukraine AVENTURA, FL / ACCESSWIRE / April 25, 2024 / Safe Pro Group Inc. (Safe Pro or the Company), a U.S.-based developer of safety and security solutions for people and infrastructure, today announced that its wholly owned subsidiary, Safe Pro AI's SpotlightAI, an artificial...

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Loar Announces Pricing of Initial Public Offering

April 24, 2024 7:55 PM

WHITE PLAINS, NY / ACCESSWIRE / April 24, 2024 / Loar Holdings Inc. ("Loar"), announced today the pricing of its initial public offering of 11,000,000 shares of its common stock at $28.00 per share. In addition, Loar has granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin...

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Cubic to Demonstrate Tactical Edge Technology Solutions at Modern Day Marine 2024

April 23, 2024 9:00 AM

Accelerating decision-making at every echelon SAN DIEGO, CA / ACCESSWIRE / April 23, 2024 / Cubic Defense, a recognized industry leader in providing edge compute and networking, digital intelligence and expeditionary communications solutions, will showcase its multi-domain mission-critical technologies April 30 - May 2 at Modern Day Marine in the Walter E. Washington Convention Center, Washington, D.C. "Our family of systems is trusted,...

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Applied Energetics to Continue Ultrashort Pulse Laser Program with Office of Naval Research

April 19, 2024 8:30 AM

TUCSON, AZ / ACCESSWIRE / April 19, 2024 / Applied Energetics, Inc. (OTCQB:AERG), a leader in the advancement of ultrashort pulse laser technologies (USPL), announced today that the Company's existing ultra short pulse laser program with the Office of Naval Research (ONR) has transitioned from a grant to a contract. The Company's previously awarded grant with ONR was for the development of an optical system capable of defeating...

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FLYHT Schedules Fourth Quarter and Full Year 2023 Conference Call

April 19, 2024 7:05 AM

CALGARY, AB / ACCESSWIRE / April 19, 2024 / FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) (the "Company" or "FLYHT") today announced that it will host a conference call to discuss the results for its fourth quarter and full year 2023 ended December 31, 2023 on Thursday, April 25, 2024 at 7:30 a.m. MT (9:30 a.m. ET). The conference call will include prepared remarks followed by a question-and-answer session with Kent Jacobs, President &...

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Safe Pro Group Inc. Announces Confidential Submission of Draft Registration Statement Related to Proposed Public Offering

April 18, 2024 8:30 AM

AVENTURA, FL / ACCESSWIRE / April 18, 2024 / Safe Pro Group Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to occur...

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