Doosan Mobility Innovation (DMI) and 42air signed a memorandum of understanding (MoU) at CES 2022 for a partnership to co-develop delivery services using hydrogen fuel cell unmanned aerial vehicles (UAV). Continue reading
Category Archives: Business News
General Atomics Gets $14.5M Control Station Contract for France
General Atomics Aeronautical Systems Inc., Poway, California, has been awarded a $14,582,450 task order (FA8689-22-F-2800) to previously awarded, indefinite-delivery/
Raytheon Gets $23M Multi-Spectral Targeting System Contract
The Multi-Spectral Targeting System is a turreted electro-optical and infrared sensor used in maritime and overland intelligence, surveillance and reconnaissance missions
Raytheon Technologies Corp. recently secured a contract to procure multi-spectral targeting systems (MTS) for the U.S. Navy Triton unmanned aircraft system and for the Royal Australian Air Force. The Naval Surface Warfare Center, Crane, IN awarded the deal. Continue reading
Elbit Systems Gets Follow-On Contract to Supply Hermes 900 to Brazilian Air Force
Elbit Systems Ltd. announced that its Brazilian subsidiary, AEL Sistemas S.A., was awarded a contract to supply additional Hermes 900 UAS to the Brazilian Air Force (Força Aérea Brasileira). The contract is in an amount that is not material to Elbit Systems and will be performed over a period of 16 months. Continue reading
Zenith AeroTech, VIRTEX Partner on Long-Endurance, Heavy-Lift, Tethered Drones
Zenith AeroTech, a developer of heavy-lift tethered aerial vehicles (TAVs), announced that it has formed a strategic partnership with VIRTEX Enterprises, an Austin-based electronics manufacturing service provider, to meet increasing customer demand for more TAVs in shorter time frames and for these platforms to be NDAA compliant. Continue reading
Kratos Gets $50M Contract for 65 Production BQM-177A Aerial Target Drones from US Navy
Kratos Defense & Security Solutions, Inc. announced that, following the Government announcement, Kratos Unmanned Aerial Systems (KUAS) has been awarded a $50,917,490 contract modification (P00007) to a previously awarded firm-fixed-price contract (N0001920C0075). Continue reading
Red Cat Gets CBP Contract Worth up to $90M over Five Years
Red Cat Holdings, Inc., a hardware-enabled software provider to the drone industry, has announced that its subsidiary Teal Drones has been awarded a firm-fixed-price, multiple award blanket purchase agreement (BPA) by the United States Customs and Border Protection as one of five contractors. Continue reading
Dedrone Secures $30.5 Million Series C Investment
Dedrone, a supplier of smart airspace security systems, announced that it has closed a $30.5 million Series C financing round led by Axon, the global leader in connected public safety technologies. Continue reading