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Implications of AAI’s UAS Fee-for-Service Announcement

AAI Corp., an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced in February that it was expanding its unmanned aircraft systems fee-for-service efforts to included civil, commercial, and scientific entities, as well as military customers. This...

For Boston Engineering, Robotics Deeds Speak Louder Than Words

For Boston Engineering, Robotics Deeds Speak Louder Than Words

Boston Engineering Corp. (BEC) resembles a number of smaller product and consultancy firms operating in the robotics arena. The privately held, Waltham, Mass.-based company was founded in 1995 by mechanical and electrical engineers as an engineering services firm offering end-to-end,...

Boom and Bloom for UAS and Acronyms

The military unmanned aerial systems (UAS) industry continues to boom and bloom. The “boom” results from a market that is rapidly growing in both revenue and the number of deployed systems. New applications–prototyped, developed, and fielded–provide the “bloom.” Here’s a...

Financing Is Secondary to Aethon-Bosch Partnership

Aethon Inc., a developer of mobile robots for hospital supply chain automation, recently secured $6.6 million in financing led by Robert Bosch Venture Capital GmbH (BVCG). BVCG contributed $5 million, with the remainder coming from Trident Capital, Pacific Venture Group,...