Also: Aurora Flight Sciences Award, Kratos Contract, MacDill AFB, Property Drone Consortium
GoPro announced in its most recent earnings report that it is exiting the camera drone market after it sells off its existing drone inventory. The company is reportedly laying off between 200 and 300 people, mostly from the Karma segment of the business. The layoffs were announced in a letter from GoPro executives to employees affected by the move, which was called part of a "larger restructuring to better align our resources with business requirements."
In the earnings report, GoPro said that "Although Karma reached the #2 market position in its price band in 2017, the product faces margin challenges in an extremely competitive aerial market.... GoPro will continue