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AgEagle Aerial Systems, Inc. Announces Pricing of $4.2 Million Registered Direct Offering and Concurrent Private Placement
Aerospace & DefenseCompany Update

AgEagle Aerial Systems, Inc. Announces Pricing of $4.2 Million Registered Direct Offering and Concurrent Private Placement

June 6, 2023 8:30 AM

WICHITA, KS / ACCESSWIRE / June 6, 2023 / AgEagle Aerial Systems Inc. (NYSE American:UAVS) ("AgEagle" or the "Company"), an industry-leading​ provider of full stack flight hardware, sensors and software for commercial and government use, today announced the pricing of 16,720,000 shares of common stock and 25,080,000 common stock purchase warrants (the "common warrant") to purchase 25,080,000 shares of common stock at a combined price of $0.25...

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Advantage Aviation Technologies Welcomes New Director of Business Development
Aerospace & DefenseCompany Update

Advantage Aviation Technologies Welcomes New Director of Business Development

June 5, 2023 10:00 AM

DALLAS, TX / ACCESSWIRE / June 5, 2023 / Advantage Aviation Technologies (AAT) is pleased to announce the hiring of Chad Duval as Director of Business Development. Chad has an extensive background in commercial aviation, repairs, machining, and parts manufacturing. For the past eight years, Chad was Regional Manager at Herber Aircraft Services, responsible for developing and maintaining good standing relationships with strategic aerospace prime...

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Brandon May Appointed New General Manager for Advantage Aviation Technologies
Aerospace & DefenseManagement Changes

Brandon May Appointed New General Manager for Advantage Aviation Technologies

June 5, 2023 9:00 AM

DALLAS, TX / ACCESSWIRE / June 5, 2023 / Advantage Aviation Technologies (AAT) is pleased to announce Brandon May as the new General Manager. Prior to joining AAT, Brandon, who has worked in aviation for over 21 years, was Senior Operations Risk Partner at Southwest Airlines, and prior to this spent over 7 years with the US Air Force. He will provide leadership for all aspects of the business at AAT, including operations, planning and project...

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Hidden Level Awarded U.S. Air Force Phase 1 STTR Contract
Aerospace & DefensePartnerships

Hidden Level Awarded U.S. Air Force Phase 1 STTR Contract

June 5, 2023 9:00 AM

AFWERX selects Hidden Level for a Phase 1 Small Business Technology Transfer contract to mitigate risks and identify sUAS threats for the U.S. Air Force.SYRACUSE, NY / ACCESSWIRE / June 5, 2023 / Hidden Level, Inc. announces it has been selected by AFWERX for a Phase 1 STTR contract focused on airspace sensor fusion with open source intelligence (OSINT) to investigate its potential to fill capability gaps in the Department of the Air Force...

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Alpine 4 Holdings, Inc. (ALPP) Appoints Christopher Meinerz as Chief Financial Officer (CFO)
Aerospace & DefenseManagement Changes

Alpine 4 Holdings, Inc. (ALPP) Appoints Christopher Meinerz as Chief Financial Officer (CFO)

June 2, 2023 1:00 PM

PHOENIX, AZ / ACCESSWIRE / June 2, 2023 / On May 30, 2023, the Board of Directors of Alpine 4 appointed Christopher Meinerz to serve as Chief Financial Officer of the Company. Prior to joining the Company, Mr. Meinerz has held the title of Chief Financial Officer, Chief Operating Officer, and Chief Compliance Officer for several different public and private companies. In his various roles, Mr. Meinerz has raised more than $1 billion of capital...

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Fortify Secures $12.5 Million in Funding From Investors, Including Lockheed Martin Ventures & RTX Ventures, to Accelerate Growth in Advanced Materials & Additive Manufacturing
Aerospace & DefenseFinancing

Fortify Secures $12.5 Million in Funding From Investors, Including Lockheed Martin Ventures & RTX Ventures, to Accelerate Growth in Advanced Materials & Additive Manufacturing

June 1, 2023 9:00 AM

BOSTON, MA / ACCESSWIRE / June 1, 2023 / Fortify, a leading full-stack materials science and additive manufacturing company, announced today that it has raised $12.5 million in a funding round from investors, including Lockheed Martin Ventures and RTX Ventures, the venture capital arms of Lockheed Martin and Raytheon Technologies, respectively. This strategic investment will enable Fortify to expand its capabilities and accelerate the...

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Alpine 4 Holdings (ALPP) Regains Compliance with Nasdaq Minimum Bid Price Requirement
Aerospace & DefenseCompany Update

Alpine 4 Holdings (ALPP) Regains Compliance with Nasdaq Minimum Bid Price Requirement

June 1, 2023 9:00 AM

PHOENIX, AZ / ACCESSWIRE / June 1, 2023 / Alpine 4 Holdings, Inc. (NASDAQ:ALPP), a leading operator and owner of small market businesses, today announced that it received a notification letter (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on May 31, 2023. The letter notified the Company that it regained compliance by meeting the Nasdaq Capital Market's Listing Rule 5550(a)(2) for the minimum...

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Volatus Aerospace Pilots Approved to Support Wildfire Suppression in Alberta with Drones
Aerospace & DefenseCompany Update

Volatus Aerospace Pilots Approved to Support Wildfire Suppression in Alberta with Drones

June 1, 2023 8:55 AM

TORONTO, ON / ACCESSWIRE / June 1, 2023 / Today, Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("Volatus" or "the Company") announces that it has passed the Alberta Wildfire Services' Hinton GRID Testing evaluation process to become a qualified vendor providing infrared imaging services from drones for wildfire suppression. The Hinton GRID Testing establishes whether vendors can meet criteria on target sensitivity, accuracy and data delivery...

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Piasecki Aircraft Corporation Acquires Lockheed Martin Sikorsky Heliplex in Coatesville, Pennsylvania
Aerospace & DefenseCompany Update

Piasecki Aircraft Corporation Acquires Lockheed Martin Sikorsky Heliplex in Coatesville, Pennsylvania

May 31, 2023 4:40 PM

Piasecki To Transform Former Sikorsky Helicopter Plant Into Advanced VTOL R&D Facility; Plans To Hire 400 Workers By 2028COATESVILLE, PA / ACCESSWIRE / May 31, 2023 / Piasecki Aircraft Corporation (PiAC), a pioneer in advanced rotorcraft technology, announced today that it has acquired the former Lockheed Martin Sikorsky Heliplex facility in Coatesville, Pennsylvania, which previously served as a production and delivery center for Sikorsky's...

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Alpine 4 Holdings (ALPP) Announces Receipt of Nasdaq Notice of Additional Staff Determination
Aerospace & DefenseCompany Update

Alpine 4 Holdings (ALPP) Announces Receipt of Nasdaq Notice of Additional Staff Determination

May 30, 2023 5:00 PM

PHOENIX, AZ / ACCESSWIRE / May 30, 2023 / Alpine 4 Holdings, Inc. (NASDAQ:ALPP), a leading operator and owner of small market businesses, announced that on May 24, 2023, it received an additional staff determination notice (the "May Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") advising that Nasdaq had not received Alpine 4's Quarterly Report on Form 10-Q for the quarterly period ended March 31,...

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SkyWatch Announces EarthCache for ArcGIS Pro
Aerospace & DefenseProduct Announcements

SkyWatch Announces EarthCache for ArcGIS Pro

May 30, 2023 8:00 AM

The EarthCache for Esri ArcGIS Pro add-in enables ArcGIS users to access, manage, and distribute high-quality satellite imagery within ArcGIS workflows.KITCHENER, ON / ACCESSWIRE / May 30, 2023 / SkyWatch Space Applications Inc. ("SkyWatch"), a leader in the remote sensing data technology industry, announced today the availability of EarthCache for ArcGIS Pro. This integration makes SkyWatch's EarthCache platform, which aggregates data from the...

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Volatus Aerospace Receives Canada-Wide Approval to Operate Heavy Spray Drones for Precision Agriculture
Aerospace & DefenseCompany Update

Volatus Aerospace Receives Canada-Wide Approval to Operate Heavy Spray Drones for Precision Agriculture

May 30, 2023 7:45 AM

TORONTO, ON / ACCESSWIRE / May 30, 2023 / Today, Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("Volatus" or "the Company") announces it has received a Transport Canada special authority to operate heavy crop spraying drones weighing over 25 kg anywhere in Canada. This special authority enables pilots who are trained through Volatus Aerospace's training program, operating in compliance with Transport Canada's conditions outlined in the...

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Volatus Aerospace Corp. Announces First Quarter 2023 Results
Aerospace & DefenseEarnings

Volatus Aerospace Corp. Announces First Quarter 2023 Results

May 25, 2023 4:05 PM

Revenue has grown 54% over same quarter last year, with a gross margin of 32%TORONTO, ON / ACCESSWIRE / May 25, 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 March 31, 2023 ("Q1 2023").The Company generated revenue of $7,412,480 in the first three months of 2023.Revenue for Q1 2023 was $7,412,480 an...

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Hidden Level Receives APFIT Funding From the Department of Defense
Aerospace & DefenseCompany Update

Hidden Level Receives APFIT Funding From the Department of Defense

May 24, 2023 1:10 PM

With its drone sensing and tracking technology, Hidden Level will play a key role in the Accelerate the Procurement and Fielding of Innovating Technologies (APFIT) program to assist innovative technologies passing over the Valley of Death.SYRACUSE, NY / ACCESSWIRE / May 24, 2023 / Hidden Level Inc. has been selected by the Department of Defense (DOD) to receive $10 million in funding for the pilot program, Accelerate the Procurement and Fielding...

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HEICO Corporation Reports Record Operating Income and Net Sales for the Second Quarter and First Six Months of Fiscal 2023
Aerospace & DefenseEarnings

HEICO Corporation Reports Record Operating Income and Net Sales for the Second Quarter and First Six Months of Fiscal 2023

May 22, 2023 4:15 PM

2nd Quarter of Fiscal 2023 Net Income up 24% on Record Operating Income, which Increased 28%, and Record Net Sales, which Increased 28%HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / May 22, 2023 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported net sales increased 28% to a record $687.8 million in the second quarter of fiscal 2023, up from $538.8 million in the second quarter of fiscal 2022. Operating income increased 28% to a record $157.1...

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Kawasaki Becomes a Strategic Investor in the Framework of Series B Funding for the Cassio Electric-Hybrid Aircraft Family
Aerospace & DefensePartnerships

Kawasaki Becomes a Strategic Investor in the Framework of Series B Funding for the Cassio Electric-Hybrid Aircraft Family

May 22, 2023 9:45 AM

GENEVA, SWITZERLAND / ACCESSWIRE / May 22, 2023 / Kawasaki Motors Ltd. has become a strategic investor in VoltAero, joining Series B funding for the development, production and certification of VoltAero's Cassio electric-hybrid aircraft family.This investment - which was announced prior to the opening of the EBACE European Business Aviation Convention & Exhibition in Geneva, Switzerland - marks the Cassio program's latest milestone, uniting...

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AgEagle Announces Compliance with NYSE Guidelines on Audit Opinion Disclosure
Aerospace & DefenseRegulatory

AgEagle Announces Compliance with NYSE Guidelines on Audit Opinion Disclosure

May 16, 2023 10:00 PM

WICHITA, KS / ACCESSWIRE / May 16, 2023 / AgEagle Aerial Systems Inc. (NYSE American:UAVS) ("AgEagle" or the "Company"), an ​industry-leading​ provider of full stack flight hardware, sensors and software for commercial and government use, today announced that, as previously disclosed in its annual report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the Securities and Exchange Commission on April 4, 2023, the...

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SOFITC Awarded Enterprise Network Contract for Department of Homeland Security
Aerospace & DefenseAwards

SOFITC Awarded Enterprise Network Contract for Department of Homeland Security

May 16, 2023 4:15 PM

IT and Cybersecurity Services Company Expanding Portfolio of Services for AgencyPISCATAWAY, NJ / ACCESSWIRE / May 16, 2023 / SOFTEK FEDITC, LLC (SOFITC), a joint venture of Softek International, Inc. and FEDITC LLC, has completed onboarding personnel for the single-award Homeland Security Enterprise Network (HSEN) Tier III Architecture/Engineering and Security Architecture/Engineering Support contract supporting the DHS's Office of the Chief...

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AgEagle Releases
Aerospace & DefenseProduct Announcements

AgEagle Releases "RedEdge-P dual" High Resolution Drone Sensor

May 16, 2023 8:30 AM

Customer-Outcome Focused Innovation Remains at the Core of AgEagle's Product Development StrategyWICHITA, KS / ACCESSWIRE / May 16, 2023 / AgEagle Aerial Systems Inc. (NYSE American:UAVS) ("AgEagle" or the "Company"), an ​industry-leading​ provider of full stack flight hardware, sensors and software for commercial and government use, today announced that it has commercially released the new RedEdge-P™ dual high resolution and RGB composite...

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AgEagle Announces First Quarter 2023 Results
Aerospace & DefenseEarnings

AgEagle Announces First Quarter 2023 Results

May 15, 2023 4:10 PM

WICHITA, KS / ACCESSWIRE / May 15, 2023 / AgEagle Aerial Systems Inc. (NYSE American:UAVS) ("AgEagle" or the "Company"), an ​industry-leading​ company engaged in designing and delivering best-in-class drones, sensors and software, for commercial and government use, today announced its financial results for the three months ended March 31, 2023.Financial Highlights for the Comparable Three Months Ended March 31, 2023 and 2022Revenues increased 6%...

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