Kuwait has concluded a contract worth $367 million with Turkish defence firm Baykar to buy its TB2 drones through direct negotiations between the two governments, the Kuwaiti army said in a statement on Tuesday. Continue reading
Category Archives: Business News
IAI and Elcom Systems Sign MoU for UAV Upgrades
Israel Aerospace Industries and Elcom Systems Pvt signed an MoU to work collaboratively on MRO and upgrades of unmanned aerial vehicles. The MoU is a further commitment of IAI’s support for the Indian government’s ‘Aatmanirbhar Bharat’—Make in India vision. Continue reading
Percepto Raises $67M Series C Funding
Percepto, the autonomous inspection and monitoring solution provider, announced a combined $67M Series C in equity and debt funding, led by Koch Disruptive Technologies (KDT), alongside new investors Zimmer Partners and one of the largest U.S. energy companies. Continue reading
Quantum-Systems Inc. Selected for United States Department of Defense APFIT Program
Quantum-Systems Inc., a supplier of electric vertical take-off and landing (eVTOL) aerial intelligence solutions, announced its inclusion in the second set of projects to receive funding for the United States Department of Defense (DOD) pilot program to Accelerate the Procurement and Fielding of Innovative Technologies (APFIT). Continue reading
Norwegian Drone Logistics Company Aviant Launches Home Delivery Service with €1M in Public Funding
Norwegian drone logistics company Aviant has launched its home delivery service, Kyte, now capable of delivering groceries, takeaway food, and non-prescription medicines to sparsely populated areas and holiday homes in Norway. Continue reading
Natilus Selects ZeroAvia Hydrogen-Electric Engines for Zero-Emission Propulsion Cargo UAV
Natilus, an innovator in designing and developing new autonomous blended-wing body (BWB) cargo aircraft, and ZeroAvia, the leader in zero-emission commercial aviation, have announced a strategic partnership to jointly develop hydrogen-electric engines for the Natilus Kona cargo UAV. Continue reading
Boeing Takes Full Ownership of eVTOL Developer Wisk Aero
Boeing has purchased all of Kitty Hawk’s stake in Wisk in a move to become a complete owner of the Wisk Aerial Mobility development company. This new full ownership structure allow Wisk to more fully utilize Boeing’s expertise in development, testing, and certification, though Wisk will continue to operate as a separate company. Continue reading
Northrop Grumman Gets $8.5M US Navy MQ-8C Contract
Northrop Grumman Systems Corp., San Diego, California, is awarded an $8,522,190 firm-fixed-price delivery order (N00383-23-F-V408) under previously awarded basic ordering agreement (N00383-19-G-V401) for the procurement of the mission processing unit in support of the MQ-8C aircraft. Continue reading