Oleksandr Kamyshin, the Minister of Strategic Industry, said that the construction of the Bayraktar drone factory has begun in Ukraine.
Category Archives: Business News
India’s ideaForge NSE Listing – Shares Close 90% Over Issue Price
Mumbai-based Drone maker ideaForge Technology is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems market, with a market share of approximately 50% in fiscal 2022, making a strong debut on the exchanges to close to a 90 per cent premium. Continue reading
Turkey and Ukraine Sign MoU to Cooperate on UAVs and Other Strategic Industries
During the working visit of President of Ukraine Volodymyr Zelenskyy to the Republic of Turkey in the presence of the Head of State of Ukraine and President of Turkey Recep Tayyip Erdoğan, a Memorandum of Understanding in the field of strategic industries was signed between the Ministry of Strategic Industries of Ukraine and the Ministry of Industry and Technology of the Republic of Turkey. Continue reading
Kratos Gets $95M US Army Target Systems Contract
Kratos Unmanned Aerial Systems Inc., Sacramento, California, was awarded a $95,000,000 firm-fixed-price contract for fixed-wing, subscale, jet-propelled aerial, unmanned target systems. Continue reading
DroneShield Gets $10M Five Eyes Governments R&D Contract
DroneShield Ltd has been awarded a follow-on 2-year R&D contract with a total value of $9.9 million by a Five Eyes Department of Defence (DoD). Approximately $4.5 million is due in the September and December 2023 quarters. Five Eyes refers to the defence/intelligence alliance between the US, Canada, UK, Australia and NZ. Continue reading
Colombia Seeks C-UAS to Counter Illicit Drone Activities
Unmanned Aerial Vehicles (UAVs) have been employed in narcotics and other illegal activities across Colombia. Guerrilla groups and other nefarious actors are reported to be making drones to support their operations. The Colombian Ministry of Defense has denounced the use of drones by these organizations that violate Colombia´s national sovereignty. Continue reading
Congo Acquires CH-4 Drones from China
The Congolese government is taking decisive action in its fight against the M23 rebels by acquiring nine Chinese CH-4 attack drones. This move marks a significant step towards enhancing the capabilities of the Congolese military in tackling the ongoing insurgency. Continue reading
Insitu Gets $32M US Navy ScanEagle Contract
Insitu Inc., Bingen, Washington, is awarded a $31,955,872 firm-fixed-price modification (P00004) to a previously awarded indefinite-delivery/indefinite-quantity contract (N0001922D0038). Continue reading