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Elroy Air Adds 10 Bristow Early Delivery Slots for Chaparral
Elroy Air announced that Bristow Group Inc. has expanded its early delivery reservations for the Chaparral autonomous cargo aircraft, reserving 10 additional early delivery positions for a total of 15. Bristow previously secured early delivery slots for five Chaparral drones and announced a pre-order agreement for up to 100 Chaparral drones. The announcement follows the first autonomous, uncrewed flight demonstrations conducted in Houma, Louisiana, as part of the Federal Aviation Administration's and the U.S. Department of Transportation's eVTOL Integration Pilot Program, in collaboration with government and industry partners. Bristow Executive Vice President and Chief Transformation Officer David Stepanek said the Louisiana demonstrations gave the company a chance to explore how Chaparral could support a range of transportation and logistics missions, adding that Bristow sees potential applications across commercial, government services, and special mission operations. Elroy Air CEO Dr. Andrew Clare said the company was proud to have partnered with Bristow over the last few years and appreciated Bristow's continued confidence in the platform. The Chaparral is an uncrewed, autonomous VTOL aircraft that carries 500+ pounds of cargo, requires no runways or fixed infrastructure, and has a hybrid-electric powertrain with range of up to 450 miles. Kratos Defense & Security Solutions, the exclusive U.S. manufacturer of Chaparral, will produce the aircraft at its expanding Sacramento, California facility, with the first production aircraft planned for late 2026.
Microchip's SST Unit Wins AnalogAI as memBrain SAGE Customer
Microchip Technology said its Silicon Storage Technology subsidiary has secured AnalogAI as a customer for its memBrain SAGE intellectual property, a design win that expands the company's exposure to edge AI and neuromorphic computing. The technology combines analog compute-in-memory with ultra-low-power operation to support real-time AI inference and learning directly on edge devices, and AnalogAI plans to use it in processors targeting humanoid robots, drones and vehicles. The win builds on Microchip's technology-licensing momentum, with licensing revenues rising to $42.6 million in the first quarter of fiscal 2027 from $33 million a year earlier, and licensee revenues growing to $163.8 million in fiscal 2026 from $131.1 million in fiscal 2025. Microchip faces intensifying competition in edge AI from NXP Semiconductors, which said AI-enabled processors are expected to represent 15% of industrial and IoT processor revenues in 2026, more than doubling from 2025, and from Texas Instruments, which cited strong demand across robotics, industrial automation and energy infrastructure. Microchip shares have risen 9.2% year to date, trailing the broader Zacks Computer and Technology sector's 16.7% gain, and the stock trades at a forward 12-month price/earnings of 17.31X versus the sector's 20.32X. The Zacks Consensus Estimate for Microchip's earnings stands at 92 cents per share, up a couple of cents over the past 30 days and implying 162.86% growth.
CAE Signs Drone Training MoU With Poland's WB Electronics
CAE signed a memorandum of understanding with Polish defense technology company WB Electronics on September 8 at the MSPO 2026 exhibition in Kielce, Poland, pairing CAE's simulation and synthetic training expertise with WB Electronics' unmanned and autonomous platforms to train operators for defense forces in Canada, Poland, and allied nations. The deal followed CAE's August 12 report of its Q1 fiscal 2027 quarter, in which Defense revenue climbed 8.3% year over year to $531.8 million and adjusted segment operating income margin ticked up to 9.5% from 9.4%, while consolidated revenue rose 6.8% to $1,173.4 million and free cash flow swung to a positive $104.0 million from negative $134.7 million a year earlier. Operating income fell 35.1% to $86.8 million on $48.3 million in restructuring costs, and earnings per share dropped to $0.10 from $0.18, with Civil's adjusted segment operating income margin falling to 16.5% from 20.2%. Defense order intake fell 26.1% year over year to $451.9 million, pushing the quarter's book-to-sales ratio to 0.85 times, and management's fiscal 2027 outlook calls for Civil revenue to be flat to slightly down. CAE repurchased and cancelled 1,107,279 shares for $39.0 million during the quarter and is pursuing a transformation plan targeting $125 million to $150 million in annual run-rate savings by fiscal 2030, with total charges expected to reach $200 million to $250 million.