Aerospace & Defense

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

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

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 2028 COATESVILLE, 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

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

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

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

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

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...

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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

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

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

May 16, 2023 4:15 PM

IT and Cybersecurity Services Company Expanding Portfolio of Services for Agency PISCATAWAY, 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 "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 Strategy 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 it has commercially released the new RedEdge-P™ dual high resolution and RGB composite...

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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 2022 Revenues increased...

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HEICO Corporation Agrees to Make Major and Highly Complementary Acquisition

May 15, 2023 8:37 AM

HOLLYWOOD, FL and PEACHTREE CITY, GA / ACCESSWIRE / May 15, 2023 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that it entered into an agreement to acquire Wencor Group ("Wencor") from affiliates of Warburg Pincus LLC and Wencor's management for $1.9 billion in cash and $150 million in HEICO Class A Common Stock1 to be paid at closing, or $2.05 billion in the aggregate. The transaction will be HEICO's largest ever in purchase price,...

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FLYHT Names Peter Large and Nancy Young to Board of Directors and Provides Corporate Updates

May 11, 2023 7:35 PM

Proven Aviation, Transportation and Sustainability Executives Join Board as Independent Directors CALGARY, AB / ACCESSWIRE / May 11, 2023 / FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) (the "Company" or "FLYHT") today announced that the Board of Directors has named Nancy N. Young and Pete Large to the Company's Board of Directors. Ms. Young and Dr. Large will serve as independent directors. Ms. Young currently is a globally recognized...

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Volatus Aerospace Corp. Announces Closing of Private Placement of Convertible Debenture Units

May 11, 2023 9:30 AM

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES TORONTO, ON / ACCESSWIRE / May 11, 2023 / Volatus Aerospace Corp. (TSXV:VOL)(OCTQB:VLTTF) ("Volatus" or the "Company") announced today that it has completed a closing of its previously announced brokered private placement offering (the "Offering") of 12% senior unsecured convertible debenture units of the Company (the "Debenture Units"). Pursuant to the Offering, the...

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Calian Reports Record Revenue for the Second Quarter

May 10, 2023 4:31 PM

(All amounts in release are in Canadian dollars) OTTAWA, ON / ACCESSWIRE / May 10, 2023 / Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, today released its results for the second quarter ended March 31, 2023. Second quarter highlights: Revenue up 19% to $169 million Gross margin above 30% for the fourth consecutive quarter Adjusted...

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Volatus Aerospace Signs an Exclusive Distribution Agreement for AEE in the Americas

May 10, 2023 1:50 PM

TORONTO, ON / ACCESSWIRE / May 10, 2023 / Today, Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("Volatus" or "the Company") announces that it has signed an exclusive distribution agreement with AEE for the Americas with the intent to ultimately produce NDAA compliant versions of their products. "We are excited to start working with AEE and bring their reliable, robust drones to commercial and public safety users," said Dean Attridge, VP of...

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MicroVision Announces First Quarter 2023 Results

May 9, 2023 4:50 PM

REDMOND, WA / ACCESSWIRE / May 9, 2023 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced its first quarter 2023 results. "Following the closing in January of our acquisition of assets from Ibeo Automotive Systems GmbH, we are energized by the strength of our combined team, accelerated engagement with multiple OEMs, and positive financial performance in Q1 2023. Revenue of...

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