RAFAEL Advanced Defense Systems Ltd. announced that it has been awarded a contract to supply its TYPHOON Mk 30-C, counter-UAS, Next Generation Naval Remote Weapon Station (NRWS) to an undisclosed navy in Asia. Continue reading
Category Archives: Business News
AURA Secures $75M for Wireless Network for UAVs
Following successful demonstrations of its proprietary network designed to enable remotely piloted commercial flights beyond visual line of sight, AURA Network Systems announced it has closed $75 million in funding, with $55 million committed by Fortress Investment Group, or its affiliates, and $20 million from previous investors Mudrick Capital Management and Tracker Capital Management, or their affiliates. Continue reading
Epirus Invests $2.5M in DroneShield
DroneShield Ltd has advised that it has received a binding commitment from Epirus Inc. to raise US$2.5 million via a placement of 18,500,000 fully paid ordinary shares in the Company at $0.20 per Share. Continue reading
Boeing Gets US Navy Contract for MQ-25 Low-Rate Initial Production
The Boeing Co., St. Louis, Missouri, is awarded a $47,468,000 firm-fixed-price advance acquisition contract for the production and delivery of MQ-25 Stingray low-rate initial production lot 1 for the U.S. Navy. Continue reading
GA-ASI Partners with Indian Start-Up for Cutting-Edge Semiconductor Technologies
In a big boost to the “Make in India” initiative, General Atomics Aeronautical Systems, Inc. (GA-ASI) announces a strategic partnership with Indian start-up company 3rdiTech, a company that develops next generation computer chips, integrated circuits, and other semiconductor technologies. Continue reading
GA-ASI Continues Work with Conflux in Additive Manufacturing
General Atomics Aeronautical Systems Inc. (GA-ASI) is working with long-time collaborator Conflux Technology on the design and manufacture of a new Fuel Oil Heat Exchanger (FOHE) for the MQ-9B. GA-ASI is developing this enhanced thermal solution for its MQ-9B SkyGuardian and SeaGuardian Remotely Piloted Aircraft. Continue reading
eVTOL Air Taxi Pioneer Kittyhawk is Closing Down
Kittyhawk, the eVTOL air taxi company building a single-person, remotely-piloted electric aircraft in Palo Alto, CA, has just announced it is shutting down. Continue reading
AeroVironment Gets $20M US Army Switchblade 300 Tactical Missile Systems Contract
AeroVironment, Inc. has announced it received a $20,602,464 firm-fixed-price contract award on Aug. 18, 2022 from the U.S. Army Tactical Aviation and Ground Munitions (TAGM) project office for the procurement of Switchblade 300 tactical missile systems (TMS). Continue reading