PALM BEACH, Fla., June 21, 2023 /PRNewswire/ — FinancialNewsMedia.com News Commentary – The Military Drone Market is positioned to continue rapid growth over the several years to come. The earliest UAVs were known as remotely piloted vehicles (RPVs) or drones. They were small radio-controlled aircraft first used during World War II for target training for… Continue reading Military Drone Industry Booming as Revenues Expected to Reach $17 Billion by 2027
Tag: Strategy
ZIM Expands Partnership with 40Seas to Offer Flexible Digital Financing Solutions to its Customer Base
HAIFA, Israel, June 21, 2023 /PRNewswire/ — ZIM Integrated Shipping Services Ltd (NYSE: ZIM) announced today the expansion of its partnership with cross-border trade financing platform 40Seas, integrating the 40Seas’ flexible digital financing solution via ZIM’s website as well as Ship4wd‘s, ZIM’s award-winning digital freight forwarding subsidiary. The expanded collaboration demonstrates ZIM’s commitment to transforming traditional shipping practices into the digital… Continue reading ZIM Expands Partnership with 40Seas to Offer Flexible Digital Financing Solutions to its Customer Base
SkyTeam partners with Plug and Play to become the leading alliance in innovation
VIENNA, June 22, 2023 /PRNewswire/ — Global airline alliance, SkyTeam, has entered into an innovation partnership with Plug and Play Tech Center, the world’s largest corporate innovation platform and the most active VC worldwide with headquarters in Silicon Valley, to become the leading alliance in fostering a culture of collaboration, co-innovation, and co-creation across their… Continue reading SkyTeam partners with Plug and Play to become the leading alliance in innovation
India: Unacademy, Dunzo backer Blume Ventures marks first close of opportunity fund
Early-stage investor Blume Ventures, which has backed the likes of Dunzo and Unacademy, on Thursday said it has hit the first close of its new opportunity fund, Fund 1Y, at $25 million. Fund 1Y, which is Blume’s third growth fund, comes close on the heels of its $290 million India-dedicated fund which closed in December.… Continue reading India: Unacademy, Dunzo backer Blume Ventures marks first close of opportunity fund
Lockheed Martin, Korea Aerospace Industries & Red 6 Announce Initial Augmented Reality Integration Work for T-50 Platform
PARIS, June 20, 2023 /PRNewswire/ — Lockheed Martin, Korea Aerospace Industries and Red 6 today announced they have begun developing engineering solutions and a technology roadmap to establish an implementation path for Red 6’s Advanced Tactical Augmented Reality System (ATARS), into the T-50 platform and associated ground-based training systems. Initial technology integration includes a T-50… Continue reading Lockheed Martin, Korea Aerospace Industries & Red 6 Announce Initial Augmented Reality Integration Work for T-50 Platform
RED 6 SIGNS STRATEGIC AGREEMENT WITH RAF AND NSSIF FOR AUGMENTED REALITY TECHNOLOGY
U.K.’s Royal Air Force and National Security Strategic Investment Fund look to U.S. based Company Red 6 to Advance Airborne Synthetic Training Ecosystem ORLANDO, Fla., June 20, 2023 /PRNewswire/ — Red 6, a revolutionary Augmented Reality (AR) technology firm at the forefront of synthetic air combat training and augmented reality applications, is proud to announce… Continue reading RED 6 SIGNS STRATEGIC AGREEMENT WITH RAF AND NSSIF FOR AUGMENTED REALITY TECHNOLOGY
Spirit AeroSystems to Suspend Factory Operations
WICHITA, Kan., June 21, 2023 /PRNewswire/ — In light of the decision to strike by Spirit AeroSystems employees represented by the International Association of Machinists and Aerospace Workers today, Spirit will suspend factory production prior to the expiration of the contract. Beginning with the start of first shift on Thursday, June 22, all IAM-represented employees… Continue reading Spirit AeroSystems to Suspend Factory Operations
Hyundai raises 2030 electric vehicle annual sales target to 2 million
Hyundai Motor Company hosted its ‘2023 CEO Investor Day’ in Seoul Tuesday (local time), unveiling its visionary mid- to long-term business strategies and financial plans. Hyundai Motor Company aims to boost its annual electric vehicle sales to 2 million units by 2030, against its earlier target of 1.87 million, in line with rising global demands.… Continue reading Hyundai raises 2030 electric vehicle annual sales target to 2 million
Hyundai raises its EV investment to USD 28 billion, will reduce China operations
Hyundai Motor CEO Jaehoon Chang said the automaker will consider making its vehicles more readily compatible with the charging standard Tesla is pushing in North America. Hyundai Motor will raise average annual investment in electrification by nearly two-thirds, spending USD 28 billion in the next decade, and further restructure its struggling China business as part… Continue reading Hyundai raises its EV investment to USD 28 billion, will reduce China operations
Tesla returns to S&P 500 ESG index with more environmental disclosures
The removal prompted Chief Executive Elon Musk to responds with tweets such as “ESG is a scam”. Tesla Inc has returned to the S&P 500 ESG index, the sustainable investing-focused market index, after the electric car maker added environmental disclosures. Tesla was cut from the index last year because of issues including claims of racial… Continue reading Tesla returns to S&P 500 ESG index with more environmental disclosures