A Japanese consortium has committed to invest $100 million in Aalto, the Airbus-owned spinoff company flying the Zephyr high-altitude, pseudo-satellite UAS.
Japan has reportedly sent an Acquisition, Technology and Logistics Agency (ATLA) official to the U.S. Navy to acquire knowledge on railgun development.
The company plans to issue 20.8 million shares, with an offering price to be posted on May 27, according to a financial filing with the Tokyo Stock Exchange.