Swedish UAV manufacturer `CybAero has filed for bankruptcy following its failure to sell 20 civilian drones to China which was expected boost the funding of the financially beleaguered firm. The filings were made with the Nasdaqs First North Sweden stock exchange on June 19 and show that the company had experienced significant declines in revenues, halting all trading in the companys shares on June 15 due to CybAeros uncertain financial position
Swedish firm CybAero has now been qualified as one of the few final candidates for tendering in Thai government's public procurement of RPAS (Remotely Piloted Aircraft System) -based surveillance for the countrys Coast Guard. CybAeros solution based on APID One and M
Swedish unmanned systems manufacturer, CybAero is under a Nasdaq investigation for possible violation of rules related to its financing. CybAero has received the first tranche of SEK 4
CybAero has performed demonstrations flights for the Belgian Navy. Two separate flights were conducted during the demonstration to show the systems operational performance in both daylight and darkness, the company said in a statement Monday
Swedish aerospace company CybAero has signed an agreement with Skyworks Global, an American company that focuses on the design and development of high performance gyroplanes. Skyworks will provide CybAero with a perpetual license to their gyro technology intellectual property
Sweden's CybAero has delivered three unmanned helicopters that feature automatic landing system to China. The helicopters are equipped with a deck-landing system that CybAero has developed together with Airbus that allows automatic takeoff and landing from a vessel
CybAero has ended a test campaign with their ship based system APID One in the last week of April. The clients of the campaign were FMV (the Swedish Defence Procurement Agency) in collaboration with the Swedish Navy
Delivery of three unmanned helicopter systems to China Customs has been rescheduled for early 2016 due to additional requirements and features. The delay was caused by additional requirements and features and the fact that the complex system required extensive verification testing and some upgrades, which are now complete, CybAero said in a statement Wednesday
Subversive Capital has acquired the remainder of AeroVironment's CybAero holding. "We are delighted that Subversive Capital decided to become a major shareholder of CybAero and we look forward to working closely with them," said CybAero CEO Mikael Hult in a statement Thrusday
Saab has won a $32.4 million contract to deliver Robotsystem (RBS) 70 missiles and additional equipment
Lockheed Martins Legion Pod that was integrated onto the F-16 has successfully tracked multiple airborne targets in its first flight test. Legion Pod was integrated onto the F-16 without making any hardware or software changes to the aircraft
Alenia Aermacchi has delivered the first of 10 C-27J Spartan tactical medium-loft transport aircraft to Royal Australian Air Force. "The C-27J Spartan will complement the C-130J Hercules and C-17A Globemaster," Air Marshal Geoff Brown, Chief of the Air Force was quoted as saying by UPI on Tuesday
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