Jump Aero unveiled the design of the company's all-electric vertical takeoff and landing (eVTOL) first response aircraft which has been in development since 2019. The company also announced that the first full-scale prototype would be partially funded by the United States Air Force and confirmed the first commercial order from Falck Ambulance Services.
SES Space & Defense, a wholly-owned subsidiary of SES focused on delivering satellite network solutions for the U.S. Government, has been awarded a multi-year contract by the U.S. Air Force Research Laboratory (AFRL) to conduct a series of tests to integrate space broadband services across a multi-orbit satellite network in support of the Defense Experimentation Using Commercial Space Internet (DEUCSI) program. This announcement by AFRL is the third award under the DEUCSI CALL 003 Program.
The National Company Law Tribunal (NCLT) has extended the deadline for completion of insolvency proceedings of debt-ridden Future Retail Ltd (FRL) to August 17, 2023. The Mumbai bench has allowed the plea of FRL to exclude 33 days from the corporate insolvency resolution process (CIRP), the company informed in a regulatory filing.