Start-up Overwatch Imaging of Hood River, Oregon, has closed an $11 million Series A financing round to advance its precision imaging payloads designed for drones and general aviation aircraft.
Hexcel has signed a letter of intent with Archer Aviation to provide high-performance carbon fiber materials for the electric vertical takeoff and landing startup’s production air taxi.
Package carrier FedEx Express is planning to conduct tests of startup Elroy Air’s Chaparral autonomous cargo aircraft in 2023 in its middle-mile logistics operations, moving shipments between sorting locations.
