Aerospace Group:

Business/Financial

AEI To Build Out Unmanned Tech Platform Starting With UAV Factory Acquisition

By Cal Biesecker

Thursday, January 28th, 2021

SHARE:

AEI To Build Out Unmanned Tech Platform Starting With UAV Factory Acquisition

UAV Factory's Penguin C MIL small tactical UAV. Photo: UAV Factory

AE Industrial Partners (AEI), which last year began building out a new space technology company through a series of acquisitions of small companies, on Thursday said it will be doing the same thing in the unmanned technology market. AEI acquired Latvia-based UAV Factory, which develops and manufactures a small, person-sized fixed-wing unmanned aerial vehicle (UAV), including the payloads, launcher, engine, ground control station and other components and accessories. The company has 125 employees and its UAVs are used for intelligence,…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]