Category Archives: Business News

Skydio Gets $100M US Army Short Range Reconnaissance Program Contract

Skydio announced that the U.S. Army has selected the Skydio system for its Short Range Reconnaissance (SRR) Program of Record. This contract has a base year value of $20.2 million, ensuring Soldiers have access to the world’s most advanced autonomous drone technology. The Firm-Fixed-Price Five Year Production Other Transaction (OT) agreement will be worth up to $99.8 million over the period of performance. Continue reading →

GA-ASI Gets Support Contract for French MQ-9

The U.S. State Department has approved a $300 million Foreign Military Sale (FMS) to the Government of France for the continuation of MQ-9A Reaper Contractor Logistics Support (CLS) and related equipment. General Atomics Aeronautical Systems, Inc. (GA-ASI), developer of the MQ-9A Reaper Remotely Piloted Aircraft, is the principal contractor. Continue reading →

AirData and Skydio Announce Technology Partnership

AirData UAV, a supplier of  flight data management solutions, has announced a new technology partnership with Skydio, the U.S. drone manufacturer. The new partnership will allow Skydio Cloud to integrate into AirData’s robust fleet management platform—providing customers with a seamless and comprehensive fleet management solution. Continue reading →

Kratos Gets $14M Contract Awards for Drone System Logistics Support

Kratos Defense & Security Solutions, Inc., a National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced that it has recently received approximately $14 million in contract awards for logistics support, spares, consumables, and support needed to address the growing demand for Kratos’ customer drone system operations. Continue reading →

French Renewable Hydrogen Production Company Raises an Extra $19M

Lhyfe, a world pioneer and pure player in renewable hydrogen production, has announced that it has raised funds for a third time, for a sum of €17 million. Most of the funds came from Andera Partners via its new green infrastructure investment fund Andera Infra. Ovive (part of Les Saules group) and the risk capital company SFLD (Société Financière Lorient Développement) also backed Lhyfe in this fundraising. Continue reading →