General Atomics, Aeronautical Systems Inc., Poway, California, is awarded a $65,507,036 firm-fixed-price, cost-plus-fixed-fee order (N0001923F0021) against a previously issued basic ordering agreement (N0001922G0006). Continue reading
Category Archives: Business News
Elbit Systems Gets $410M Contract to Supply Watchkeeper X Tactical UAS to Romania
Elbit Systems Ltd. announced that it was awarded a framework contract with a maximum value of approximately $410 million (approximately 1.89 billion Lei) to supply up to seven “Watchkeeper X” tactical unmanned aircraft systems for the Romanian Ministry of National Defense, with a validity of five years. Continue reading
Coptrz Chosen by Tata Steel to Implement Drone Strategy
TATA Steel has invested in a drone strategy to transform their complex operations and have chosen COPTRZ to provide innovative unmanned aerial system (UAS) solutions for inspections on TATA’s key infrastructure. Continue reading
L3Harris to Acquire Aerojet Rocketdyne for $4.7BN
L3Harris Technologies and Aerojet Rocketdyne Holdings, Inc. together announced the signing of a definitive agreement for L3Harris to acquire Aerojet Rocketdyne for $58 per share, in an all-cash transaction valued at $4.7 billion, inclusive of net debt. Continue reading
Rheinmetall Gets €12M Skynex Air Defence System Contract
Rheinmetall is supplying an international customer with two Skynex air defence systems. The systems will enhance the customer’s ability to defend itself against aerial threats. Worth around €182 million, the system is to be delivered in the beginning of 2024. Continue reading
Cleo Robotics to Develop Tactical Drone for US Army
Cleo Robotics, developer of the Dronut aerial vehicle platform, has been awarded a contract by the U.S. Army to deliver a number of prototype Tactical Dronut (TacDronut) systems for Intelligence, Surveillance and Reconnaissance (ISR) capability. Continue reading
Rafael to Supply C-UAS Weapons to an Asian Navy
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
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