Terra Drone Makes Major U.S. Move With Aloft Investment [Forbes]
Archer Aviation Inc. Class A (ACHR)
Company Research
Source: Forbes
A leading Japanese drone and advanced air mobility company has made its first major move to enter the U.S. market and further its efforts to create a global air traffic control system for unmanned aircraft known as Unmanned Aerial System Traffic Management, UTM. Terra Drone Corporation has made a major investment in Silver Spring, MD-based Aloft Technologies Inc. , becoming its largest shareholder, the companies announced Tuesday. Terra Drone is a leading developer and supporter of an air traffic system for low-altitude, unmanned ... [+] aircraft. Indeed development of a global UTM system has taken on increased urgency as the number of low-altitude aircraft such as drones, vertical takeoff and landing craft and short-hop air taxis grows. They typically occupy altitudes far below commercial aircraft at 4,000 feet and lower. Yuki Ueno, executive officer at Terra Drone “Above populated areas there are loads of restrictions to secure safety,” said Yuki Ueno, executive officer a
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ACHR
Sec Filings
- 4/15/24 - Form PRE
- 4/5/24 - Form 3
- 4/1/24 - Form 144
- ACHR's page on the SEC website