Lithuania plans to spend EUR 30 million (USD 32.6M) annually on developing its unmanned aerial vehicle systems, reveals Deputy Minister of National Defence Žilvinas Tomkus following a hearing of a parliamentary committee. Continue reading
Category Archives: Business News
Private-Equity Firm Acquires Kaman for $1.8 BN
Kaman Corp. announced that it has entered into a definitive agreement to be acquired by Arcline Investment Management, L.P., a growth-oriented private equity firm with deep experience investing in technology-driven, meaningful-to-the-world industrial businesses, in an all-cash transaction with a total enterprise value of approximately $1.8 billion. Continue reading
EDGE and Baykar Collaborate on Payload Integration onto Baykar’s UAVs
EDGE, a leading advanced technology and defence groups, and Baykar, an international leader in unmanned aerial vehicle (UAV) and artificial intelligence technology, are currently collaborating to integrate EDGE smart weapons onto Bayraktar UAVs. Continue reading
Kratos Receives $50M in Awards for Counter UAS and Air Defense Systems
Kratos Defense & Security Solutions, Inc. , a Technology Company in Defense, National Security and Global Markets, announced that it has recently received approximately $50 million in awards for Products and Hardware, including for and in support of Counter Unmanned Aerial System (CUAS), Air Defense and Radar Systems. Continue reading
Four Spanish Firms Team on Electric Aircraft Propulsion Project
Within the framework of the 2023 Aeronautical Technology Programme, Embention, Fiber Laminates, Zelestium and Abervian, leaders in different aspects of aircraft and electrification, have joined forces on the ELECTRA project. Continue reading
Italian Government to Approve Leonardo Astore MALE UAV Acquisition
The programme for acquiring two Astore MALE (Medium Altitude Long Endurance) UAV systems, developed and produced by Leonardo, is about to be launched, following the publication in mid-December 2023 of the relevant document by the Italian Government. Continue reading
Airbus Helicopters to Expand UAS Portfolio with Acquisition of Aerovel
Airbus Helicopters and Aerovel have signed an agreement regarding the acquisition of Aerovel and its unmanned aerial system (UAS), Flexrotor, as part of a strategy to strengthen its portfolio of tactical unmanned solutions. Flexrotor is a small tactical unmanned aerial system designed for intelligence, surveillance, target acquisition and reconnaissance (ISTAR) missions at sea and over land. Continue reading
Switzerland to Postpone Final Elbit Hermes 900 Deliveries to 2026
In response to technical setbacks earlier this year and escalating uncertainties in the Middle East, Switzerland’s armasuisse has reached an agreement with Elbit Systems Ltd, the supplier of the ADS 15 drone system, to prolong the delivery timeline until the end of 2026.
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