AeroVironment, Inc. announced that the United States Army exercised the second of three options under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year small UAS contract on February 25, 2021. The value of the contract option is $20,979,905 and includes avionics and data link upgrade packages to modify radio frequencies employed by the Army’s existing fleet of Raven tactical UAS. Continue reading
Category Archives: Business News
Volocopter Raises €200M in Series D Funding Round
Urban air mobility (UAM) company Volocopter announced the signing of its Series D funding round, raising €200 million in additional capital. Cumulatively, Volocopter has raised €322 million. The funding will be used to solidify Volocopter’s leading position in the UAM market by bringing the VoloCity, the battery-powered air taxi for cities, to certification and by accelerating the launch of its first commercial routes. Continue reading
Toshiba Invests $15M in C-UAS Company Fortem
Toshiba Corporation announced that Toshiba Infrastructure Systems & Solutions Corporation, the Toshiba Group company specializing in the global infrastructure business (hereinafter Toshiba), has entered into a strategic business alliance with Fortem Technologies, Inc. (hereafter Fortem), and invested 15 million USD in the company. Fortem is a supplier of counter-drone security systems and Toshiba, through the alliance, aims to expand its radar-based security solutions business. Continue reading
Australia Announces Shortlist for Navy UAV Contract
The Australian Government is boosting the Royal Australian Navy’s intelligence capability through Defence’s Maritime Unmanned Aircraft System Continuous Development Program. Continue reading
India to Spend $3BN on 30 MQ-9 Reapers
India plans to ink a major defence deal with the US to procure 30 armed drones worth $3 billion (approximately Rs 22,000 crore) to enhance military capabilities, sources said. As per plans, India will be acquiring 30 MQ-9 Reaper — 10 each for the three services. Continue reading
Dronehub and RCS Engineering to Integrate Property Security System
Dronehub – a provider of drone-in-a-box solutions – and RCS Engineering – a provider of telecommunication solutions related to security – integrate their technologies. They will create an innovative monitoring and security system based on breach detectors that trigger an autonomous control raid of the drone. Continue reading
Drone Delivery Company Flytrex Secures $9.3M Extra Funding
Flytrex, a supplier of on-demand drone delivery for food and retail, announced the closing of an $8 million financing led by existing investors Benhamou Global Ventures (BGV) and btov. The financing complements a recently awarded grant from the Israel Innovation Authority for a total of $9.3 million. Continue reading
Textron Gets $607M US Army Shadow Upgrade Contract
Textron Systems Corporation, a Textron Inc. company, announced that it received a contract for up to $607 million from the U.S. Army to provide contract logistics support, field services, and engineering support along with the retrofit of the existing Shadow Block II Tactical Unmanned Aircraft System (TUAS) to the upgraded Block III configuration. Continue reading







