UAE Invests In VTOL Industry

The Speeder can be flown piloted or uncrewed, carrying cargo.

Credit: Mayman Aerospace
The United Arab Emirates’ Strategic Defense Fund has unveiled a series of investments in vertical-take-off-and-landing (VTOL) technology. The fund has debuted Helio Aviation Technologies (HelioTech), a UAE company that will design and produce light rotorcraft, and invested in U.S. startup Mayman...

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