Dedrone has announced its acquisition of Aerial Armor, a supplier of counterdrone systems and integrator of drone detection hardware. Continue reading
Category Archives: Business News
Argentina Buys Loitering Munitions from Israel
This is a first purchase, with the purpose of evaluating the technical and operational characteristics of the loitering munitions models UVISION HERO-30 (light) and HERO-120 (medium), within the different units of the Argentine Armed Forces. Continue reading
Kratos Gets $15.5M US Navy Contract for 2 XQ-58A Valkyrie UAVs
Kratos Unmanned Aerial Systems Inc, Sacramento, California, is awarded a contract in the amount of $15,515.343 (cost-plus-fixed-price) for the procurement and delivery of two Valkyrie XQ-58A unmanned aerial systems (UAS). Continue reading
Elbit Systems to Deliver Magni-X UAS to British Army
Elbit Systems UK has been awarded a contract to provide Magni-X micro-Uncrewed Aerial Systems (micro-UAS) to the UK Ministry of Defence (MOD). The contract has been awarded by Defence Equipment & Support’s Future Capability Group as part of the British Army’s Human Machine Teaming framework, and the proven micro-UAS will be delivered to specialist army units for service by mid-2023. Continue reading
Kratos Gets Mayhem Hypersonic Missile Program Contract
Kratos Defense & Security Solutions, Inc. announced that its Defense & Rocket System Services (DRSS) Division, in collaboration with Kratos’ Unmanned Systems Division, has received a contract from its prime teammate and partner Leidos to support the Expendable Hypersonic Multi-Mission ISR (Intelligence, Surveillance, and Reconnaissance) and Strike Program, known as Mayhem. Continue reading
Northrop Grumman Gets $16M US Navy MQ-8 Fire Scout Logistics Contract
Northrop Grumman Systems Corp., San Diego, California, is awarded a $16,220,882 cost-plus-fixed-fee contract. This contract provides for engineering investigations, fleet operations, issues surrounding supportability/reliability, cyber security activities and capabilities, software design and system integration, qualification testing, logistical support as well as training services in support of the MQ-8 Fire Scout System. Continue reading
GA-ASI Gets $75M US Army Gray Eagle Support Contract
General Atomics Aeronautical Systems Inc., Poway, California, was awarded a $75,074,676 cost-plus-fixed-fee contract for contractor logistics support for Gray Eagle Block 0. Continue reading
EHang Stock Down nearly 50% from IPO Price in 2019
EHang Holdings Ltd. is working hard to make futuristic flying cars a reality. But it’s flying into some capital headwinds in that process, potentially leading some investors to refrain from betting too big on the company. Continue reading