A group of engineers based in Scotland have formed a startup called Flowcopter that is aiming to bring to market a multicopter cargo UAV powered by a hybrid hydraulic transmission system.
AST SpaceMobile has raised $115 million in debt, enough to fully fund the manufacturing of its first five cellular signal broadcasting BlueBird satellites.
GKN Aerospace, Marshall, and Parker Aerospace have signed an MOU to partner on development of a liquid hydrogen fuel system for future zero-emission aircraft.
Five of the six publicly traded electric-vertical-takeoff-and-landing (eVTOL) startups have reported their financial results for the 2023 second quarter (Q2).