River Capital Limited Backs eVTOL Market to Propel Future Innovations in Urban Air Mobility
October 30, 2024
BY River Capital Limited
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SkyDrive Inc. and SAI Flight have signed a Memorandum of Understanding to jointly develop innovative business opportunities utilizing the cutting-edge SKYDRIVE electric vertical takeoff and landing (eVTOL) aircraft. The collaboration will focus on advancing air-cargo, air-taxi, and emergency service use cases, paving the way for a new era of efficient and versatile intra-community air travel.
General Atomics Aeronautical Systems, Inc. (GA-ASI), completed its final qualification test for its new 200-horsepower heavy fuel engine at its El Mirage, California, flight facility. The Heavy Fuel Engine (HFE) 2.0 is a highly reliable low-maintenance engine with a 40 percent increase in service life providing longer maintenance-free operational periods.
AeroVironment, Inc. and BlueHalo LLC announced the execution of a definitive agreement under which it will acquire BlueHalo in an all-stock transaction with an enterprise value of approximately $4.1 billion, creating a more diversified global leader in all-domain defense technologies
Textron Systems Corporation, a Textron Inc. company, announced that it has been awarded a task order valued at up to $47 million by the U.S. Navy’s Naval Air Systems Command to provide COCO UAS services to three Independence Class Littoral Combat Ships deploying to 5th Fleet.
General Atomics Aeronautical Systems, Inc. (GA-ASI) logged another aviation milestone on Nov. 12, 2024, when its Gray Eagle STOL aircraft took off from a South Korean warship and landed at a ground base – the first-ever such mission for an aircraft of this type. The Unmanned Aircraft System (UAS) then flew to Pohang Navy Airfield and landed normally.
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