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Gogo | September 01, 2020
Gogo Inc. (NASDAQ: GOGO) ("Gogo") today announced it has entered into a definitive agreement to sell its Commercial Aviation (CA) business to Intelsat S.A. (OTC: INTEQ) ("Intelsat") for $400 million in cash, subject to customary adjustments. The Gogo Board of Directors has approved the transaction. Intelsat expects to finance the transaction utilizing cash on hand and borrowings under its $1 billion debtor-in-possession credit facility and has obtained support from key econom...
Advanced Magnet Lab, Inc. | August 31, 2020
Advanced Magnet Lab, Inc. (the "Company" or "AML") announced today that the U.S. Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E) has selected AML for the development of innovative lightweight and ultra-efficient electric propulsion motors, drives, and associated thermal management systems for commercial electric aircraft....
DroneUp | November 23, 2021
DroneUp, LLC, a leading global provider of drone technology and services, and Walmart announced today the first multi-site commercial drone delivery operations. The three locations, which will be located at Walmart stores in Northwest Arkansas, will operate from 8:00 a.m. – 8:00 p.m., seven days per week, to deliver items to eligible Walmart customers by air in as little as 30 minutes.
"When we invested in DroneUp earlier this year, we envisioned a dr...
Sagetech Avionics | July 28, 2021
Sagetech Avionics Inc., an innovative technology company that provides industry-leading avionics solutions for Uncrewed Aerial Systems (UAS), announced the completion of a successful demonstration of Detect and Avoid (DAA) using their low SWAP ACAS X-based DAA computer as part of a Phase 1 STTR for the United States Air Force.
The latest generation of airborne collision avoidance, ACAS X, has become an international standard. ACAS X employs advanced algorithmic techniques and prob...
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