Terra Drone, Unifly, and Aloft Technologies Launch UTM Development for AAM Targeting Global Markets [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
TOKYO April 24, 2024 /PRNewswire/ -- Terra Drone Corporation, a leading drone and Advanced Air Mobility (AAM) technology provider headquartered in Japan , has announced the launch of joint development with its Group companies Unifly NV ("Unifly") and Aloft Technologies Inc. ("Aloft") focused on UAS Traffic Management (UTM) (1) for AAMs targeting global markets. Terra Drone has been making strides in its pioneering UTM business via strategic investments in Unifly, a leading UTM technology provider based in Belgium , and Aloft, which has the top UTM market share in the U.S. This collaboration marks the world's first-ever (2) joint UTM development for AAMs by multiple companies with extensive track records in UTM implementation and operation. The three companies made the announcement at the prominent uncrewed system and robotics expo XPONENTIAL 2024 in San Diego Terra Drone , Unifly, and Aloft are embarking on this joint UTM development to seize the opportunities presented by the rapi
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