Aerospace & Defense

Mynaric Secures Another Contract with a U.S. Customer for its CONDOR Mk3 Terminals

November 29, 2023 2:20 AM

MUNICH, GERMANY / ACCESSWIRE / November 29, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today entered into a definitive agreement for an additional order from an existing undisclosed US-based customer for the delivery of CONDOR Mk3 optical communication terminals. The contract, with a value of around US $30 million, foresees payment milestones starting in 2023 and continuing throughout 2024 and 2025 with product deliveries beginning in mid-2024...

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Vaya Space Achieves Breakthrough in Defense Technology With Successful Demonstrations of Tactical Missile Class Vortex-Hybrid Engine

November 28, 2023 8:45 AM

Significant Milestone in Defense Technology Met with Successful Demonstrations COCOA, FL / ACCESSWIRE / November 28, 2023 / Vaya Space, an innovative space and defense company, proudly announces a significant milestone in defense technology with successful demonstrations of a revolutionary tactical missile class vortex-hybrid engine. The breakthrough tests, witnessed by representatives from Army Futures Command, NASA, and the Prime Contractor...

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Eqlipse Technologies Completes Acquisition of SR Technologies

November 27, 2023 12:00 PM

HERNDON, VA / ACCESSWIRE / November 27, 2023 / Eqlipse Technologies ("Eqlipse"), a leading provider of differentiated products and high‑end engineering solutions to the Department of Defense (DoD) and Intelligence Community (IC), today announced it has completed the acquisition of SR Technologies ("SRT" or the "Company"). Eqlipse is a portfolio company of Arlington Capital Partners ("Arlington"), a Washington, D.C.-area private equity firm with...

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Volatus Announces Revenue Growth, Increased Gross Margins and Cost reductions in Q3 2023

November 27, 2023 6:00 AM

Q3 2023 Revenue of $8.27M and first 9 months revenue at $24.37M TORONTO, ON / ACCESSWIRE / November 27, 2023 / Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("Volatus" or "the Company"), a global leader in the drone industry, is pleased to announce its financial results for the quarter ending Sept 30, 2023 ("Q3 2023"). The Company generated revenues of $8,274,349 for the three months ending Sept 30, 2023, with a 36% gross margin, and adjusted...

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Cubic Defense to Demonstrate Air and Ground Live, Virtual and Constructive (LVC) Training Solutions at I/ITSEC 2023

November 24, 2023 9:00 AM

Delivering Leading-Edge Capabilities to Enable Superior Warfighter Readiness and Mission Success SAN DIEGO, CA / ACCESSWIRE / November 24, 2023 / Cubic Defense, a recognized industry leader in providing live, virtual and constructive (LVC) for air and ground training, will showcase its advanced solutions during the I/ITSEC 2023 conference, from Nov. 27-30, in the West Concourse of the Orange County Convention Center in Orlando, Florida. Cubic...

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U.S. Air Force Awards $37 Million to Piasecki Aircraft Corporation to Develop Next-Generation VTOLs and Hydrogen Propulsion Technologies

November 21, 2023 9:00 AM

Strategic Funding Increase (STRATFI) Investment Will Accelerate Development of ARES Tilt-Duct VTOL and Hydrogen Fuel Cell Propulsion for VTOL Applications ESSINGTON, PA / ACCESSWIRE / November 21, 2023 / Piasecki Aircraft Corporation, a global leader in rotorcraft and aerial vehicles, announced today that it has been awarded a $37 million multi-year contract by AFWERX, the Air Force's innovation arm in conjunction with the Air Force Research...

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Australia's 'Uber for Drones' Spreads Wings to North and South America

November 20, 2023 7:00 AM

Aerologix announces $2 million capital raise and Brazilian acquisition SYDNEY, AUSTRALIA / ACCESSWIRE / November 20, 2023 / Australian drone technology startup Aerologix is accelerating its ambitious growth plans, announcing a $2 million capital raise and the strategic acquisition of global mapping software company Mappa. Aerologix Co-founders Rakesh Routhu and Tom Caska The funding round was cornerstoned by Lindsay Phillips' Nightingale...

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GA-ASI Demonstrates Short Takeoff/Landing of UAS on UK Carrier

November 17, 2023 12:00 PM

Mojave Flights for the Royal Navy Highlight UAS' Ability to Operate From Warships SAN DIEGO, CA / ACCESSWIRE / November 17, 2023 / General Atomics Aeronautical Systems, Inc. (GA-ASI) conducted a first-of-its-kind demonstration of its short takeoff and landing (STOL) capability on the HMS Prince of Wales, a Royal Navy aircraft carrier, using the Mojave Unmanned Aircraft System. The demonstration took place on November 15, 2023, when the Prince of...

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Focused Support's Cavok Mission Execution Software Platform Deployed as TacSit of Choice for USAF and USMC

November 16, 2023 9:00 AM

WELLSVILLE, UT / ACCESSWIRE / November 16, 2023 / Focused Support's next-generation Tactical Situation Display, Cavok®, has been deployed as the TacSit of choice for U.S. Air Force and U.S. Marine Corps MQ-9 operations. Cavok by Focused Support Cavok by Focused Support logo Cavok is a real-time mission execution software platform designed from the ground up to support RPA Ground Control Stations (GCS) and Tactical Operations Centers (TOC)....

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VoltAero's Intelligent Mobile Charger for the Cassio 330 and Other Electric Aircraft Makes Its World Debut at the Dubai Airshow

November 15, 2023 10:15 AM

DUBAI, ARAB EMIRATES / ACCESSWIRE / November 15, 2023 / A universal mobile charger for the Cassio family of electric-hybrid airplanes and other electric aircraft was unveiled by VoltAero at this week's Dubai Airshow. The intelligent mobile charger for Cassio airplanes and other e-aircraft is shown on VoltAero's exhibit stand at the Dubai Airshow in the United Arab Emirates. (Photos ©VoltAero) This intelligent charging unit is part of VoltAero's...

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InVeris Training Solutions to Unveil fatsAR Next-Gen Virtual Training System at I/ITSEC 2023

November 15, 2023 10:00 AM

Product Will Be Showcased at the World's Largest Modeling, Simulation and Training Event in Late November ATLANTA, GA / ACCESSWIRE / November 15, 2023 / InVeris Training Solutions, the leading provider of technology-driven training solutions for defense forces, law enforcement agencies and commercial shooting range owners around the globe, is proud to announce the relaunch of its world-famous fats product line with the next generation of weapon...

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Canada Jetlines Announces Special Meeting Results

November 14, 2023 4:00 PM

TORONTO, ON / ACCESSWIRE / November 14, 2023 / Canada Jetlines Operations Ltd. (NEO:CJET) ("Canada Jetlines" or the "Company"), the dynamic, all-Canadian leisure airline, announces the results of the Special Meeting held on November 14, 2023 in Mississauga, Ontario. Shareholders at the Special Meeting voted in favour of (i) an ordinary resolution approving the second and third tranche of the private placement (the "Offering") with Jetstream...

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AeroGuard Flight Training Center Signs Deal With Piper Aircraft to Expand Fleet and Training Capacity With 90 New Planes

November 14, 2023 11:00 AM

PHOENIX, AZ / ACCESSWIRE / November 14, 2023 / AeroGuard Flight Training Center, a global leader in providing career-focused flight training, is excited to announce a recent aircraft expansion deal with Piper Aircraft where it will receive 90 new Piper Archers. AeroGuard Expands Fleet With 90 Aircraft Order from Piper AeroGuard Flight Training Center Signs Deal with Piper Aircraft to Expand Fleet and Training Capacity with 90 New Planes With...

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Volatus Aerospace Completes the Acquisition of iRed Limited

November 13, 2023 5:00 PM

Significantly enhancing capabilities in the expanding UK market TORONTO, ON / ACCESSWIRE / November 13, 2023 / Volatus Aerospace Corp. (TSXV:VOL) ("Volatus" or "the Company") announced today that it has completed the acquisition of iRed Limited, of Emsworth, United Kingdom. The announcement of an arm's length definitive agreement was first released on October 17, 2022. Founded in 2001, iRed started as a company specialized in infrared...

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GA-ASI Partners With EDGE to Integrate Smart Weapons Onto MQ-9B

November 12, 2023 11:00 PM

DUBAI, ARAB EMIRATES / ACCESSWIRE / November 12, 2023 / General Atomics Aeronautical Systems, Inc. (GA-ASI), a leading designer and manufacturer of proven, reliable Remotely Piloted Aircraft (RPA) systems, radars, electro-optics, and related mission systems, and EDGE, a world-leading advanced technology group for defence and beyond, announced an agreement today to integrate EDGE smart weapons onto GA-ASI's MQ-9B SkyGuardian® RPA. Under the...

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Mynaric Updates Guidance for 2023

November 9, 2023 6:15 PM

MUNICH, GERMANY / ACCESSWIRE / November 9, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today announced an update to full-year 2023 guidance for its key financial performance metrics: Optical Communications Terminal Backlog(1): the company now expects more than 500 units in backlog by the end of 2023, based on today's existing orders, compared to the previously communicated guidance of a significant increase relative to the 256 units reported at...

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Terradyne Armored Vehicles Inc. Completes Production of Evacuation Ambulances for Ukraine

November 9, 2023 10:00 AM

NEWMARKET, ON / ACCESSWIRE / November 9, 2023 / Terradyne Armored Vehicles Inc. successfully completed the final vehicles ordered by the Ukraine Ministry of Health through the State Enterprise Medical Procurement of Ukraine. Terradyne Evacuation Ambulance Terradyne Gurkha armoured rescue / armored ambulance evacuation vehicle / injured personnel carrier Durward Smith, President and CEO of Terradyne, commented, "Dealing with the State Enterprise...

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Mynaric Announces Management Participation in Upcoming Investor Conference

November 9, 2023 8:00 AM

MUNICH, GERMANY / ACCESSWIRE / November 9, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today announced that CFO, Stefan Berndt-von Bülow, will participate in the following investor conference: Deutsches Eigenkapitalforum Frankfurt am Main, Germany November 27 - 29, 2023 Further information including details regarding the public webcast of these events will be found on the Mynaric Investor Relations website at...

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Safe-Pro USA Awarded HUBZone Certification by Small Business Administration Enabling Access to New State and Federal Government Contracting Opportunities

November 8, 2023 8:00 AM

Company to Scale Manufacturing in Response to Increasing Demand for High-Performance Ballistic Protective Equipment by Law Enforcement and Government Agencies in Response to Global Security Threats AVENTURA, FL / ACCESSWIRE / November 8, 2023 / 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 ballistics manufacturing protection unit,...

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Canada Jetlines Announces Q3 2023 Results

November 7, 2023 7:30 AM

Increase in Operating Revenue of 52% over Q2 2023 Positive Adjusted EBITDAR* margin of 14% Positive Net Income of $121,000 Net cash flow of $5.3 million TORONTO, ON / ACCESSWIRE / November 7, 2023 / Canada Jetlines Operations Ltd. (NEO:CJET) ("Canada Jetlines" or the "Company"), the dynamic, all-Canadian leisure airline, announces Q3 2023 financial and operating results. All financial figures are in Canadian dollars and in accordance with IFRS...

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