Aerospace & Defense

Mynaric Increases USD 75 million Borrowing Capacity on Loan Agreement by USD 20 million

March 14, 2024 5:50 AM

MUNICH, GERMANY / ACCESSWIRE / March 14, 2024 / Mynaric AG (NASDAQ:MYNA; ISIN: US62857X1019)(FRA:M0YN; ISIN: DE000A31C305) (the "Company") today decided on an amendment to its existing US$75 million loan agreement with its US-based lenders, which are funds affiliated with a U.S.-based global investment management firm (the "Lenders"), to increase the borrowing capacity on the loan agreement by US$20 million utilizing a delayed draw facility...

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New Research: Five of the Seven Drone Manufacturers Tested Will Not Be Remote ID Compliant on March 16

March 14, 2024 5:00 AM

SkySafe Findings Show Industry's Lack of Remote ID Readiness Makes Rule Enforcement Incredibly Complicated, Endangering Airspace Management and Safety SAN DIEGO, CA / ACCESSWIRE / March 14, 2024 / SkySafe, a global leader in drone tracking data and intelligence, today released new research findings to determine which commercial drone manufacturers will be Remote ID compliant on Saturday, March 16. The Federal Aviation Administration (FAA)'s...

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Cubic to Demonstrate 'Space to Edge’ Assured Data Solutions at Satellite 2024

March 13, 2024 9:00 AM

Delivering simple, easy-to-deploy, secure communications to shape the future of mission-critical operations. SAN DIEGO, CA / ACCESSWIRE / March 13, 2024 / Cubic, a recognized industry leader in providing trusted, Satellite Communications (SATCOM) and edge compute and networking platforms, will showcase its portfolio of mission-critical technologies at this year's Satellite Conference & Exhibition from March 19-21 in the Walter E. Washington...

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CORAS Awarded Contract With the US Naval Air Warfare Center Aircraft Division (NAWCAD) Webster Outlying Field (WOLF) to Supports Its Project Database Needs

March 13, 2024 7:00 AM

MCLEAN, VA / ACCESSWIRE / March 13, 2024 / CORAS Federal, a FedRAMP High Software as a Service (SaaS) is proud to announce a contract with the United States Naval Air Warfare Center Aircraft Division (NAWCAD) Webster Outlying Field (WOLF) in support of its Project Management needs across the entire organization. The scope of the contract will support all WOLF projects to work across all existing systems to create interfaces, automations,...

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TRS Services Announces Partnership With Battle Investment Group

March 12, 2024 10:30 AM

HOUSTON, TX / ACCESSWIRE / March 12, 2024 / TRS Services ("TRS" or the "Company"), a provider of maintenance, repair and overhaul services for component parts of industrial gas turbine engines, announced its recent acquisition by Battle Investment Group. TRS primarily services heavy industrial gas turbines used to generate power in natural gas-fired power plants and other industrial applications. The Company also provides repair solutions for...

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CannaPharmaRx Completes First Harvests

March 12, 2024 6:00 AM

CALGARY, AB / ACCESSWIRE / March 12, 2024 / CannaPharmaRx, Inc. (OTC PINK:CPMD), a future leader in ultramodern, highly efficient cannabis production facilities announced today that it has completed its first five grows and harvests that are ready for sale. Samples of the newer grows have been sent to an independent certified lab for testing, as required. They will verify that the product meets standards for distribution throughout Canada and...

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General Atomics to Provide Missile Tracking Payloads for Lockheed Martin’s SDA Tranche 2 Tracking Layer Contract

March 11, 2024 10:00 AM

SAN DIEGO, CA / ACCESSWIRE / March 11, 2024 / General Atomics Electromagnetic Systems (GA-EMS) announced today that it was awarded a contract from Lockheed Martin Space to deliver missile warning, tracking and defense payloads to support the company's recently announced contract award to deliver 18 satellites for the Space Development Agency's (SDA) Tranche 2 Tracking Layer Program. GA-EMS is developing the Electro Optical and Infrared (EO/IR)...

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Hydrosat Continues Building Momentum, Names Ryan Hackney Formerly of Maxar to be Hydrosat’s Director of U.S. Government Business Development

March 8, 2024 9:30 AM

WASHINGTON, DC / ACCESSWIRE / March 8, 2024 / Hydrosat, the climate tech company specializing in delivering satellite imagery and data analytics to measure water stress and climate impact, announced today that it has hired Ryan Hackney as Director of U.S. Government Business Development. In this newly created role, Hackney will source contract opportunities, expand partnerships, and drive strategic engagement to maintain, renew, and grow...

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CannaPharmaRx to Hold Investor Conference Call

March 7, 2024 6:00 AM

CALGARY, AB / ACCESSWIRE / March 7, 2024 / CannaPharmaRx, Inc. (OTC PINK:CPMD), a future leader in ultramodern, highly efficient cannabis production facilities announced today that it will hold an investor conference call on Tuesday, March19, 2024 at 2PM Eastern time to give an update on the year to date progress of CannaPharmaRx Inc. Chief Executive Officer Dean Medwid will be presenting with the topics being discussed will include: Review of...

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Safe Pro Joins the AWS Partner Network to Power "SpotlightAI" Artificial Intelligence Drone-Based Demining Technology

March 6, 2024 8:00 AM

- SpotlightAI to Leverage the Hyper-Scalability of AWS to Support International Customers - AVENTURA, FL / ACCESSWIRE / March 6, 2024 / Safe Pro Group Inc. ("Safe Pro" or the "Company"), a U.S.-based developer of safety and security solutions for people and infrastructure, announced it has joined the Amazon Web Services (AWS) Partner Network (APN) as an AWS Advanced Tier Services Partner. The APN is a global community of AWS Partners that...

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Canada Jetlines (Cboe CA:CJET) Forges Partnership with European Carrier

March 5, 2024 7:30 AM

TORONTO, ON / ACCESSWIRE / March 5, 2024 / Canada Jetlines Operations Ltd. (Cboe CA:CJET) ("Canada Jetlines" or the "Company") announced a strategic wet lease agreement with a prominent European carrier. The agreement underscores the surging global demand for A320 aircraft. Set to begin with one aircraft in late April 2024 for a period of 6 months and with a second aircraft in late June for a period of 3 months, the collaboration reflects Canada...

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CannaPharmaRx Executes Multi-Year Supply Agreement with ICAN to Create Distribution Network in the Latin Americas

March 5, 2024 6:00 AM

CALGARY, AB / ACCESSWIRE / March 5, 2024 / CannaPharmaRx, Inc. (OTC PINK:CPMD), a future leader in ultramodern, highly efficient cannabis production facilities announced today that the company finalized a supply agreement with ICAN Green S.A. de C.V ("ICAN"), a division of ICAN Investing Group LLC. CannaPharmaRx will supply product to ICAN for distribution in the Latin Americas with a primary focus on Mexico and Panama. ICAN, an international...

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PMB Aerospace Corporation Announces Shareholder Update

March 4, 2024 8:00 AM

LOS ANGELES, CA / ACCESSWIRE / March 4, 2024 / PMB AEROSPACE CORPORATION (OTC PINK:PMBY) ("the Company'), announces that it has changed its name and business focus. On October 13th, 2022, a majority of shareholders and the board of directors deemed it advantageous to take the company back to its original aerospace domain. The company's name was subsequently changed in compliance with the state of Nevada to PMB Aerospace Corporation. The company...

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GA-ASI Makes First Flight of XQ-67A OBSS

February 29, 2024 3:45 PM

SAN DIEGO, CA / ACCESSWIRE / February 29, 2024 / General Atomics Aeronautical Systems, Inc. (GA-ASI) flew the XQ-67A Off-Board Sensing Station (OBSS) for the first time on Feb. 28, 2024. OBSS is an Air Force Research Laboratory (AFRL) program and GA-ASI was selected in 2021 to design, build and fly the new aircraft. With flight of the AFRL-funded XQ-67A, GA-ASI has validated the "genus/species" concept first developed with AFRL as part of the...

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HEICO Corporation Reports Strong Growth of 44% in Net Sales, 39% in Operating Income and 23% in Net Income for the First Quarter of Fiscal 2024

February 26, 2024 4:30 PM

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / February 26, 2024 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported an increase in net income of 23% to $114.7 million, or $.82 per diluted share, in the first quarter of fiscal 2024, up from $93.0 million, or $.67 per diluted share, in the first quarter of fiscal 2023. Net sales increased 44% to $896.4 million in the first quarter of fiscal 2024, up from $620.9 million in the first quarter of...

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CannaPharmaRx Achieves IMC-GAP and GACP Certifications Completing a Significant Milestone Towards Revenue Acceleration

February 23, 2024 6:00 AM

CALGARY, AB / ACCESSWIRE / February 23, 2024 / CannaPharmaRx, Inc. (OTC PINK:CPMD), a future leader in ultramodern, highly efficient cannabis production facilities announced today that the company has successfully obtained our IMC-GAP (Good Agricultural Practices) and GACP (Good Agricultural and Collection Practices) certifications. These leading accreditations are the standard for cannabis certification with the goal of the standard to ensure...

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AeroGuard Flight Training Center Selected by Air India to Train Pilots for the Airline's Fly High Cadet Pilot Program

February 22, 2024 12:45 PM

PHOENIX, AZ / ACCESSWIRE / February 22, 2024 / AeroGuard Flight Training Center, a renowned global leader in professional ab initio flight training, is proud to announce its selection by Air India to train the Indian flag carrier's student pilots within its Fly High Cadet Pilot Program. This agreement demonstrates a significant milestone for AeroGuard and Air India as the two organizations share a commitment to high-quality flight training and...

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Avidyne Upgrades Colombian Army Helicopter Fleet With IFD550 Flight Management Systems

February 21, 2024 8:00 AM

Avidyne IFD550 FMS/GPS/NAV/COMs retrofitted in Colombian Army UH1-H, UH-1N, MI-17, and UH-60 Blackhawk helicopters, providing FMS/GPS/SBAS navigation, VHF NAV/COM, 3D Synthetic Vision, RS-170 video display, HTAWS and more. MELBOURNE, FL / ACCESSWIRE / February 21, 2024 / Avidyne Corporation, a leading provider of integrated avionics systems, announced that the Colombian Army has selected IFD550 FMS/GPS/NAV/COM systems for their fleet of UH1-H,...

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Commercial Drone Alliance Welcomes Guardian Agriculture's Matt Beckwith to its Board of Directors

February 20, 2024 9:00 AM

WASHINGTON, D.C. / ACCESSWIRE / February 20, 2024 / The Commercial Drone Alliance (CDA), an independent 501c6 non-profit organization led by key members of the commercial drone industry, is pleased to announce Matt Beckwith, VP of Business Development and Regulatory Affairs at Guardian Agriculture, has joined its Board of Directors. Guardian Agriculture develops electric Vertical Take-Off and Landing (eVTOL) systems for commercial-scale...

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Cubic Awarded Contract From Naval Air Systems Command for KnightLink Systems

February 20, 2024 9:00 AM

Providing Sophisticated Software Improvements and Hardware Fortifications to Enhance Overall Fleet Interoperability SAN DIEGO, CA / ACCESSWIRE / February 20, 2024 / Cubic Defense has secured an Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract to maintain, upgrade and support deployment of the Full Motion Video (FMV) System, known as KnightLink, for the Naval Air Systems Command's (NAVAIR) MH-60 Sierra (MH-60S) helicopter fleet. ...

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