CybAero Files for Bankruptcy

CybAero Files for Bankruptcy 28 Jun, 18, Source: HeliHub.com

CybAero, a Swedish UAV manufacturer has had to file for bankruptcy after their deal with China to sell 20 drones fell through. The deal was expected to bring in a large amount of money to help the struggling company. The deal fell through as the Swedish government blocked the sale, retracting CybAero’s clearance to export UAVs to China, reports Defence World.

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