Belgium, drone and Defence Equipment
Digest more
Poseidon Aerospace secured $11 million in seed funding and is using the cash to develop two cargo-hauling unmanned aircraft, Egret and Heron. Why it matters: "A lot of people are thinking about kinetics and forward effects and what those look like,
Hili’ hybrid VTOL drone to enable rapid, airport-free middle-mile deliveries across the UAE, carrying up to 250kg over 700km.
Belgium has enlisted the help of foreign armed forces to seize or track down drones that have made incursions around its airports, military bases and a nuclear plant, with officials saying it all bears the hallmarks of Russian interference.
The National Transportation Safety Board has released drone video of the scene of the UPS plane crash in Louisville, Kentucky, which resulted in the deaths of at least 13 people.
The Indian Air Force is partnering with industry to develop cargo drones with a 500 kg capacity and 500 km range to improve transportation logistics in the strategically important Lakshadweep islands.
AIRO Group Holdings, Inc. receives speculative Buy rating, with price target of $19.65, reflecting 26% upside potential. Read more on AIRO stock here.
China is on a policy-fuelled push to turn the likes of drones and flying taxis into everyday business. Patchy progress and lagging rules risk grounding its sky-high ambitions.