CybAero receives $100M contract for 70 UAV helicopters

Swedish company CybAero has inked a multi-year deal with a Chinese company, providing them with unmanned aerial vehicle (UAV) helicopters.

Published Tue, Jul 8 2014 5:16 PM CDT   |   Updated Tue, Nov 3 2020 12:15 PM CST

CybAero, a Swedish company specializing in its unmanned aerial vehicle (UAV) helicopter, has received an order of 70 rotary-wing drones, valued at $100 million over eight years. Assuming the deal is approved by the Swedish Agency for Non-Proliferation and Export Controls department, the Chinese AVIC company will receive shipments for the unmanned helicopters.

CybAero receives $100M contract for 70 UAV helicopters | TweakTown.com

This is the largest UAV vertical take-off and landing involving drones less than 200kilograms, according to the company, and will provide stability for CybAero to continue developing its UAV helicopters.

"This represents a breakthrough in the market for the civil application of unmanned helicopters," said Mikael Hult, CybAero CEO, in a statement. "Our goal is to become the global market leader with at least 30 percent of the global market. Through this order, which is our biggest to date, we've taken a significant step towards achieving this goal."

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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