Sign In
Search
Air Force

Drone Maker Volansi in Assignment for Benefit of Creditors Status

Frank Wolfe Frank Wolfe
SHARE:
Drone Maker Volansi in Assignment for Benefit of Creditors Status
The Voly 50 drone (Volansi Photo)

Volansi, a Silicon Valley-based drone maker backed by $75 million in venture capital funding, is in assignment for benefit of creditors (ABC) status. The company filed for ABC status with the California Secretary of State's office on Aug. 1. The filing lists Michael Maidy as the company's agent. Maidy is the president of California-based Sherwood Partners, Inc. and would presumably try to market Volansi's intellectual property (IP) and patents to other aerospace companies. Sherwood's website lists Maidy as an accountant…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Air Force

SSC Eyes Award Of First RG-XX Contracts Next Month Or March

Air Force

Defense Appropriations Conferees Provide $900 Million Boost For Boeing E-7 Wedgetail

Air Force

Space GMTI Partially Moves To Procurement Funding Account

Air Force

Space Systems Command Looking Into Mission Operations Center For Space Data Network

Trending

Northrop Grumman Expects Agreement Soon To Accelerate B-21 Production; Pausing Buybacks
Army Awards Potential $5.6 Billion AI, Data Analytics Deal To Salesforce
Stop Work Order Issued To AeroVironment For SCAR Antennas
Appropriators Fund More Multi-Years For Munitions, But Not All Of DoD’s ‘Very Late’ Request
Hypersonic Testing Company Stratolaunch Raises New Capital

Contract Updates

R&M Government Services (Las Cruces, New Mexico) – $23,894,784

R&M Government Services,* Las Cruces, New Mexico, has been awarded a maximum $23,894,784 firm-fixed-price, indefinite-quantity contract for battery compartments. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in the Federal Acquisition Regulation 6.302-1. This…

L3Harris Technologies Inc. (Clifton, New Jersey) – $9,571,947

L3Harris Technologies Inc., Clifton, New Jersey, is being awarded $9,571,947 for a firm-fixed-price contract for the procurement of 74 radio frequency amplifiers in support of Navy F/A-18E/F/G aircraft. The contract does not include an option provision. All work will be…

Sikorsky Aircraft Corp. a Lockheed Martin Co. (Stratford, Connecticut) – $21,600,000

Sikorsky Aircraft Corp., a Lockheed Martin Co., Stratford, Connecticut, is awarded a not-to-exceed $21,600,000 cost reimbursable undefinitized order (N0001926F1016) against a previously issued basic ordering agreement (N0001923G0002). This order provides for instantaneous access to 105% Transient Engine Torque test and…

Amentum Mitie Pacific LLC (Chantilly, Virginia) – $85,236,794

Amentum Mitie Pacific LLC, Chantilly, Virginia, is awarded an $85,236,794 fixed-price-award-fee, indefinite-delivery/indefinite-quantity contract for base operating support services at Navy Support Facility, Diego Garcia. Work will be performed at Diego Garcia, British Indian Ocean Territory, and is expected to be…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume