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
Category Archives: Business News
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
Raytheon & Northrop Grumman to Deliver First Hypersonic Air-Breathing Missile
Raytheon Missiles & Defense, a Raytheon Technologies business, in partnership with Northrop Grumman, has been selected to develop the Hypersonic Attack Cruise Missile for the U.S. Air Force.
Thailand Navy Orders Hermes 900
Thailand has signed a contract to buy Hermes 900 unmanned aerial vehicles (UAV) made by Israeli defence electronics company Elbit Systems for 4 billion baht ($107.67 million). Continue reading