EOS Defence Systems has entered into a Memorandum of Understanding with Shielders Advanced Industries, a specialist in metal processing, profiling, and fabrication based in the United Arab Emirates . Continue reading
Category Archives: Business News
General Atomics Gets $31M US Navy MQ-9A Detect and Avoid System Contract
General Atomics Aeronautical Systems Inc., Poway, California, is awarded a $30,885,042 cost-plus-fixed-fee order (N0001924F5565) against a previously issued basic ordering agreement (N0001922G0006). Continue reading
German Firm Helsing to Help Ukraine Add AI to Domestically-Produced Drones
Ukraine has agreed with German tech firm Helsing GmbH to incorporate artificial intelligence into Ukrainian-made drones and other unmanned aerial vehicles (UAVs). The agreement resulted from multiple conferences over the past year aimed at establishing joint weapons manufacturing partnerships between Ukraine and other nations. Continue reading
General Atomics Gets $31M US Navy Contract for Development of EW Pods
General Atomics Aeronautical Systems Inc., Poway, California, is awarded a $31,003,429 cost-plus-fixed-fee order (N0001924F0168) against a previously issued basic ordering agreement (N0001922G0006). Continue reading
SkyDrop Grounded
SkyDrop Founder Matthew Sweeney announced on LinkedIn that the company is closing down: Continue reading
AeroVironment Poised for Growth: A Strong Buy on Surging Switchblade Sales
Analyst Peter Arment of Robert W. Baird maintained a Buy rating on AeroVironment, with a price target of $152.00.
Skyports and Port Authority of New York and New Jersey to Explore Middle-Mile Drone Logistics
Skyports Drone Services , a global supplier of drone logistics, surveys, and monitoring services, has announced a strategic partnership with the Port Authority of New York and New Jersey (PANYNJ) to explore the feasibility of middle-mile drone logistics in the New York and New Jersey region. Continue reading
Thales and Thaicom Study the Deployment of Unmanned Traffic Management Services in Thailand
Thales and Thaicom, through a Thaicom subsidiary, a leading Asian satellite operator and provider of integrated satellite communications, establish the foundations of an Unmanned Traffic Management (UTM) framework to enable the growth of the drone ecosystem in Thailand. In recent years, the integration of Unmanned Traffic Management (UTM) solutions has become a pivotal aspect of modern airspace management. Continue reading