financetom
Business
financetom
/
Business
/
Unusual Machines Reports Rise in Demand for Flight Controller After Approval
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Unusual Machines Reports Rise in Demand for Flight Controller After Approval
Aug 29, 2024 2:52 AM

08:22 AM EDT, 08/23/2024 (MT Newswires) -- Unusual Machines ( UMAC ) , a maker of drones and drone components, said Friday that it has received orders for more than 6,700 Rotor Riot Brave F7 flight controllers since being approved and listed on the Blue UAS Framework on Aug. 7.

The product is the first flight controller on the Blue UAS Framework list designed specifically for first-person view, or FPV, flight, the company said.

"This listing positions Unusual Machines ( UMAC ) as a provider of FPV technology to the United States Department of Defense as well as commercial customers seeking alternatives to components produced in restricted regions or in China," the company said.

Shares of Unusual Machines ( UMAC ) were more than 5% higher in premarket trading.

Price: 1.8300, Change: +0.06, Percent Change: +3.39

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mexico's Fibra Next targets $422 million after reviving stalled IPO
Mexico's Fibra Next targets $422 million after reviving stalled IPO
Jun 18, 2025
MEXICO CITY, June 18 (Reuters) - Mexican real estate investment trust Fibra Next is reviving its plans to go public and aims to raise 8 billion pesos ($422 million) in the offer, documents released late on Tuesday show. WHY IT'S IMPORTANT The IPO signals renewed confidence in Mexico's REIT market after regulatory delays last year stalled Fibra Next's debut on...
Hoth Therapeutics Regains Nasdaq Compliance
Hoth Therapeutics Regains Nasdaq Compliance
Jun 18, 2025
02:02 PM EDT, 06/18/2025 (MT Newswires) -- Hoth Therapeutics ( HOTH ) said Wednesday it was informed by Nasdaq that it has regained compliance with the minimum bid price requirement for continued listing on the exchange. The compliance matter is now closed, the company said. The shares were up over 6% in recent trading. Price: 1.38, Change: +0.08, Percent Change:...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
ArcelorMittal Acquires Remaining Half of AM/NS Calvert Joint Venture
ArcelorMittal Acquires Remaining Half of AM/NS Calvert Joint Venture
Jun 18, 2025
02:04 PM EDT, 06/18/2025 (MT Newswires) -- ArcelorMittal ( MT ) said Wednesday it completed the acquisition of Nippon Steel's 50% stake in the AM/NS Calvert joint venture after the Japanese steelmaker completed its purchase of US Steel (X). ArcelorMittal ( MT ) paid $1 for the stake, while Nippon provided cash and forgave partner loans amounting to an estimated...
Copyright 2023-2026 - www.financetom.com All Rights Reserved