Shield AI, an artificial intelligence startup targeting the aerospace and defense market, announced on June 9 it had garnered $90 million in private-equity issuance and $75 million in new debt as part of a Series E fund-raising round.
SITA has signed an exclusive agreement with UKi Media & Events to trace and repatriate lost items at this year’s Passenger Terminal Expo, being held in Paris from 15-17 June.
Tier 1 Engineering has begun flying its electric Robinson R44 helicopter with the 350-kW MagniX magni350 electric propulsion unit planned for the production conversion.
Chinese startup AutoFlight has continued its rapid progress toward developing the Prosperity 1 electric vertical-takeoff-and-landing air taxi, flying a second full-scale proof-of-concept aircraft that incorporates design refinements.
Regional turboprop lessor Monte Aircraft Leasing has agreed to purchase up to 100 hydrogen-electric powertrains from zero-emission propulsion startup ZeroAvia for installation on new and existing Cessna Caravans and De Havilland Canada DHC-6 Twin Otters as well as Dornier 228s and HAL-228s.
Deloitte Consulting has launched a Wichita “Smart Factory” officials call the “art of the possible,” using advanced technology to focus on the future of manufacturing.