AIM-listed aerospace services company Strat Aero saw revenues rise 17% in its last trading year, helping the firm narrow losses following a "fundamental change" to its business model.
AIM-listed Strat Aero has agreed to buy 37% of the enlarged share capital of Gyrometric Systems for £0.25m in cash.
Strat Aero has inked a Commercial Agreement with Alnahdi Aviation Technology, a specialist in aviation technology (AAT) in the Kingdom of Saudi Arabia, to collaborate on establishing an Unmanned Aerial Vehicle (UAV) Training Centre in the country, in line with the company's strategy to focus on its key strengths and experience, specifically its Training Division.
Unmanned aerial vehicle-focussed aerospace company Strat Aero announced on Tuesday that its 100% owned subsidiary Geocurve has been selected as a specialist surveying partner by Integrated Water Services - a services provider to the UK water sector.
Aerospace company Strat Aero posted half year results on Tuesday showing revenue grew by more than a third to help slash operating losses, but announced it was pulling out of North America.
International aerospace company Strat Aero announced a contract with the Cyprus Department of Civil Aviation on Wednesday, to provide aviation consulting services.
Strat Aero, the drone aircraft services specialist, has won a £2.5m contract extension with the Environment Agency to aerially monitor the tidal flood defences of the Thames Estuary via its unmanned aerial vehicles.
Shares in Strat Aero have soared almost 60% after it was granted National Qualified Entity (NQE) status by UK's Civil Aviation Authority (CAA), a key step in the commercialisation of the company's training programmes.
Strat Aero was out proving the capabilities of its drones in Friday, having been awarded a wind turbine inspection contract with the largest electricity provider in the US state of Kansas, Westar Energy.
AIM-listed aerospace company Strat Aero has become an affiliate member of the consortium of companies in the Autonomous and Unmanned Systems Cluster (AUSC) of south-eastern New Mexico.
AIM-listed aerospace company Strat Aero's unmanned aerial vehicle inspection and surveying division Geocurve Holdings has been notified by civil engineer Barhale PLC of its intention to award the business a £1.3m contract.
Shares in Strat Aero soared over 10% on Wednesday, after the aerospace services group has signed a joint venture agreement with unmanned aerial vehicle training specialist UAV Airways.
Aerospace company Strat Aero has entered into an agreement to acquire privately-owned unmanned aerial vehicle company Geocurve Holdings.