Category Archives: Business News

Ukraine Orders Additional 105 Surveillance Drones from Quantum-Systems

Quantum-Systems GmbH, an aerial intelligence company that provides multi-sensor data collection drones to government agencies and commercial customers, announced that it will deliver 105 additional long-endurance reconnaissance drones type Vector in military support of Ukraine’s armed forces, funded by the German Government. Continue reading

Purchase Demand for Elroy Air’s Chaparral Drone Tops $2BN

Elroy Air, the company developing an end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system, has signed an agreement with LCI, a leading aviation company and a subsidiary of Libra Group for commitments to purchase up to 40 of the company’s Chaparral vertical take-off and landing (VTOL) aircraft, with deposits paid for the first 20 vehicles. Continue reading

IAI to Develop and Deliver Hand-Launched Electro-Optical Guided Missile for US

IAI has unveiled its POINT BLANK electro-optically guided missile, that can be carried in a soldier’s backpack. The system answers the battlefield requirement to provide tactical units ranging in size from small tactical teams to battalion level, with an independent and organic capability to increase their lethality. Continue reading