Category Archives: Business News

AeroVironment Awarded $874M Foreign Military Sales IDIQ for UAS and C-UAS Systems

AeroVironment has been awarded a five-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract worth $874.26 million from the U.S. Army Contracting Command. This contract will support future foreign military sales (FMS) through the Program Executive Office (PEO) Aviation, enabling allied and partner forces to procure a range of Groups 1-3 unmanned aerial systems (UAS) and counter-UAS (C-UAS) systems from AV’s extensive portfolio of defence technology offerings. Continue reading

Hoverfly Whitelisted on AeroVironment’s Command and Control Software Ecosystem

Hoverfly Technologies, a global provider of tethered unmanned aerial systems (TeUAS), has announced that its systems have been officially whitelisted on AV_Halo, a hardware-agnostic software platform developed by AeroVironment, Inc. that provides a modular, mission-ready suite of AI-powered software tools, including battle management with command and control (C2) for unmanned vehicles. Continue reading

Ondas to Develop and Deploy Autonomous Border-Protection System with Thousands of Drones

Ondas Holdings Inc., a provider of autonomous aerial and ground robot intelligence through its Ondas Autonomous Systems (OAS) business unit and private wireless solutions through Ondas Networks, has announced that OAS has been selected as the prime contractor for a major development and commercialization program on behalf of a major governmental entity. Ondas expects to receive the initial purchase order in January 2026 to launch a multi-phase program spanning the next two years. Continue reading

NAVAIR Selects 4 Vendors to Compete for Drone ISR Basic Ordering Agreements

The U.S. Naval Air Systems Command’s program executive office for unmanned aviation and strike weapons has revealed plans to issue delivery orders under four basic ordering agreements to support land and sea-based unmanned aerial system contractor-owned, contractor-operated intelligence, surveillance and reconnaissance, or ISR, services. Continue reading

Croatia’s Orqa Scales Production Capacity to 280,000 Drones, Eliminating Chinese Drone Tech

Orqa, a leading European developer of FPV (first-person view) and unmanned aerial systems (UAS), has significantly expanded manufacturing at its headquarters in Osijek, Croatia. The facility can now produce up to 280,000 NDAA-compliant drones per year using Orqa’s proprietary components, eliminating dependence on Chinese supply chains. Continue reading

Quantum Systems Triples Valuation to $3.5 Billion

Quantum Systems has tripled its valuation and raised €180 million in a Series C Extension led by Balderton Capital. This follows its €160 million Series C in May this year, bringing the total amount secured in 2025 to €340 million, which marks the largest private capital raise in Europe’s dual-use sector. This puts the company’s valuation above €3 billion. Continue reading