U.S. hypersonic aircraft startup Hermeus has closed a $100 million Series B fundraising round, providing the funding to fly its first three Quarterhorse flight-test vehicles and advance design of its planned Darkhorse production aircraft.
Private equity firm DC Capital Partners has bought uAvionix, a seven-year-old developer and manufacturer of miniature avionics for communications, navigation and surveillance applications, including for unmanned aircraft.
By Joe Anselmo, Jens Flottau, Daniel Williams, Ron Epstein
Bank of America’s Ron Epstein joins our experts to assess the industry’s reliance on Russian metals and whether lessors could lose hundreds of aircraft.
Airbus is continuing to build the industrial team for the CityAirbus NextGen eVTOL, partnering with Spirit AeroSystems to design and manufacture the multi-copter’s wings.
CPI Aerostructures CEO and President Douglas McCrosson is leaving, the embattled Tier 1-2 defense supplier announced March 9, and outside industry veteran Dorith Hakim has been hired as successor CEO.
Residents' concerns about the impact of nearby flight operations on their land value are especially relevant to urban air mobility as eVTOLs and cargo drones hope to operate in the heart of urban areas.
Robinson Helicopter says it will switch to electric power for its light helicopters when it “makes sense” and is closely watching progress being made by California-based Tier 1 Engineering on a battery-powered R44 conversion program.
Until there is more available data on what a stabilized approach is for an eVTOL aircraft, the FAA will maintain a conservative approach as to how vertiports should be safely built.
Amid lackluster sales and costly new certification requirements, Sikorsky is no longer accepting orders for the S-76D, effectively shutting down the 45-year-old medium helicopter program.
