from sUAS News
CybAero, a Swedish company specializing in its unmanned aerial vehicle (UAV) helicopter, has received an order of 70 rotary-wing drones, valued at $100 million over eight years. Assuming the deal is approved by the Swedish Agency for Non-Proliferation and Export Controls department, the Chinese AVIC company will receive shipments for the unmanned helicopters.
This is the largest UAV vertical take-off and landing involving drones less than 200 kilograms, according to the company, and will provide stability for CybAero to continue developing its UAV helicopters.
“This represents a breakthrough in the market for the civil application of unmanned helicopters,” said Mikael Hult, CybAero CEO, in a statement. “Our goal is to become the global market leader with at least 30 percent of the global market. Through this order, which is our biggest to date, we’ve taken a significant step towards achieving this goal.”
Alan is serial entrepreneur, active angel investor, and a drone enthusiast. He co-founded DRONELIFE.com to address the emerging commercial market for drones and drone technology. Prior to DRONELIFE.com, Alan co-founded Where.com, ThinkingScreen Media, and Nurse.com. Recently, Alan has co-founded Crowditz.com, a leader in Equity Crowdfunding Data, Analytics, and Insights. Alan can be reached at alan(at)dronelife.com