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August 05, 2023

Virgin Galactic Discloses Q2 2023 Financials

Gaining Traction?

Virgin Galactic has announced its 2023 second-quarter financial results and provided an update of the business state and goals. Founded in 2004, Virgin Galactic is the commercial space-tourism subsidiary of Sir Richard Branson’s Virgin Group conglomerate. Though long embattled and chronically cash-strapped, the company’s recent string of successful space-launches invites optimism—albeit of the guarded persuasion.

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ParaZero Sees US Order for UAV Safety Chutes

Unnamed OEM Selects Emirati BRS for Drone Safety System

ParaZero Technologies recently inked a deal to supply their SafeAir system to an “air taxi and cargo drone solutions company in the USA. ParaZero’s SafeAir is, looking past the corporate fluff, a smaller, more compact ballistic parachute system for uncrewed or multirotor aircraft in the greater UAV family. Computer controlled deployment and constant flight monitoring provide a greater margin of safety for the aircraft and those below it.

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