Banshee target drones could be used by the RN for experimentation of future sensors, weaponry and radio equipment.
DSEI 2021: Aeralis taps into mystery Middle Eastern wealth fund
Aeralis announced on 16 September that it has signed an investment agreement with an unnamed Middle Eastern sovereign wealth fund.
The UK-based aircraft designer added in a statement during DSEI 2021 that the wealth fund has invested an initial £10.5 million ($14.5 million) to ‘support the design, development and first flight’ of its Advanced Jet Trainer (AJT) platform.
Aeralis CEO Tristan Crawford hailed the deal as a ‘transformational moment’.
Shephard recently reported that Aeralis has added Atkins and Siemens Digital Industries Software to its integrated design team, with a first AJT flight planned for 2024.
Other configurations for the modular Aeralis platform will include light attack, jet training and aerobatic display.
More from Defence Notes
Horizon Aerospace Technologies, a subsidiary of Horizon Technologies, finished DSEI with the announcement of a $1 million sale of its FlyingFish system.
UK partners combine in a bid to mitigate the physical burden on armoured vehicle crews.
The Warship Integrated Navigation and Bridge System from Raytheon is already installed on the RN's Daring-class Type 45 destroyers — but the company has broader ambitions.
Arnold Defense has announced the next stage of development for their Fletcher rocket launcher.
A bridge mounted on a Boxer vehicle was one of the most prominent equipment displays at DSEI this year.