Epirus has announced a $66.1 million contract award from the U.S. Army’s Rapid Capabilities and Critical Technologies Office (RCCTO) in support of the Indirect Fire Protection Capability-High-Power Microwave Program. Continue reading
Category Archives: Business News
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
Airbus Seeks Outside Investment for Solar-Powered Zephyr Drone Programme
Airbus said on Monday it was seeking outside investment for its high-altitude surveillance and communications drone programme Zephyr, in a bid to create a standalone telecoms and earth observation business that could start commercial operations by the end of 2024. Continue reading
Korea Aerospace Industries and Northrop Grumman Sign MOA for VTOL UAV Technical Cooperation
Korea Aerospace Industries announced on January 19th that it had signed a memorandum of agreement (MOA) with Northrop Grumman for technical cooperation in the business of vertical take-off and landing drones at its headquarters in Sacheon on the 18th. Continue reading
Amazon’s Drone Delivery Division Hit Hard by Layoffs
Earlier this month, Amazon confirmed plans to lay off around 18,000 workers. The move has hit certain divisions hard, including Comixology and Prime Air. 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
Baykar Gets $370M TB2 Drone Order from Kuwait
Turkey is set to deliver an undisclosed number of armed drones to Kuwait in a contract worth $370 million, Turkish defence firm Baykar said on Wednesday. Continue reading
Lufthansa Industry Solutions Partners with Draganfly on Marine Search and Rescue Solutions
Draganfly Inc.has announced that Lufthansa Industry Solutions, an IT service provider and a subsidiary of Lufthansa Group has entered into a letter of intent with Draganfly to explore providing its drone solutions and Vital Intelligence (VI) technology for use into its existing infrastructure and customer solutions. Continue reading