CybAero announced today that it has been granted a temporary export license by ISP (Inspectorate of Strategic Products), a Swedish government agency, for demonstration flights in China.
These demonstration flights will be jointly carried out with the Aviation Industry Corporation of China (AVIC) in April and May for selected potential clients.
CybAero and AVIC signed a framework agreement under which AVIC agreed to purchase at least 70 systems over the following eight years. This translates into sales of at least SEK 700–800 million. The first five systems under the agreement were ordered on April 30 this year, and AVIC is now looking to acquire additional clients by carrying out new demonstration flights at various locations in China.
“We will now be able to demonstrate our system to potential new clients with AVIC. This is a fantastic development as CybAero is in the midst of an exciting period of rapid growth and plans to continue its expansion over the next few years,” says Mikael Hult, CEO of CybAero.
CybAero announced today that it has commenced factory testing for its three Unmanned Helicopter systems to be delivered to China Customs in January 2014. The systems are to be stationed on three new vessels China Customs will be commissioning in 2015
CybAero announced today that it has been selected by the Swedish Defense Materiel Administration (FMV) to conduct test and demonstration flights from Sweden's world-leading Visby class corvette in third quarter of 2015. Sweden-based CybAero was chosen ahead of other international competitors
CybAero and Indra entered into a co-development agreement in 2009 that included customization of CybAero's helicopter platform APID 60 to maritime end-uses, tailor-made for Indra's needs. The jointly developed system is being marketed by Indra under the Pelicano product name
First North-listed CybAero has received a positive preliminary decision from ISP (the Swedish Agency for Non-Proliferation and Export Controls) for its application to export to a Chinese commercial end customer. In July 2014, CybAero signed a framework agreement with Chinese company AVIC for the delivery of at least 70 helicopter systems in total within the next eight years
The Swedish Agency for Non-Proliferation and Export Controls (ISP) has rejected the export license to CybAeros unmanned helicopter system export to China. CybAero signed a framework agreement with Chinese company AVIC for delivery of at least 70 helicopter systems in total, with at least 20 in the first three years and at least 50 the following five years
Czech Republic will be upgrading Gripen fighter jet fleet leased from Sweden for ground-attack capability. The upgrade will be carried out through Sweden's Defense and Security Export Agency, or FMX
The Swedish Defence and Security Export Agency FXM has responded to request for information from Croatia for procuring Gripen aircraft. The request concerns 8 to 12 newly built aircraft of the C and D model, the company announced last week
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
A Russian mini-submarine has been discovered at Swedish territorial waters not far from the Swedish coast. The submarine is about 20 meters long and three and a half meters wide
Saab has won a US$19.7 million contract to provide component maintenance for the tactical mission system (TMS) on NH90 helicopters of the Swedish Armed Forces
The European Defense Agency (EDA) is investigating a new material, Graphene, for application including camouflage and composites. Graphene is a a new material with a range of lightweight, high strength, thermal and electrical conductivity and it is expected to lead improved applications for defence, the EDA announced Thursday
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