Northrop Grumman Systems Corp., San Diego, California, is awarded an $81,992,887 cost-plus-fixed-fee contract. This contract provides for sustainment, engineering, logistics, test, mission control, and operator training systems support for MQ-4C Triton unmanned aircraft systems (UAS). Continue reading
Category Archives: Business News
Aerovel Raises $2.5M for Flexrotor Development
Aerovel, manufacturer of Flexrotor, an advanced Group 2 vertical take-off and landing (VTOL) unmanned aircraft, announced that it has raised $2.5 million in Series B capital. The investment is from undisclosed leaders in aviation. Continue reading
AeroViroment Gets $45M Switchblade Contract for UK
AeroViroment Inc., Simi Valley, California, was awarded a $44,961,750 modification (P00007) to contract W31P4Q-20-C-0024 for the Switchblade Weapon System. Continue reading
Estonian Startup Raises €2M for Drone-Based Power Line Inspections
Hepta Airborne , a Talinn, Estonia-based provider of end-to-end inspection and analysis tools for energy asset managers, announced completing a funding round of €2 million ($2.4M). Continue reading
Korea Aerospace Industries and Elbit Systems to Cooperate on Next-Gen UAS Solution for ISTAR Missions
The Korea Aerospace Industries Ltd. (KAI) and Elbit Systems Ltd. signed a Memorandum of Understanding (MOU) to expand cooperation in the field of Unmanned Aircraft Systems (UAS). Continue reading
Class Action Filed Against AgEagle Aerial Systems
Pomerantz LLP announces that a class action lawsuit has been filed against AgEagle Aerial Systems, Inc. and certain of its officers. Continue reading
Tech Firms Team on BVLOS in VLL Airspace
Latvian mobile innovator LMT and software company Dimetor have partnered to explore the integration of drones into VLL (very low level) airspace. This builds on earlier collaboration where the two companies succeeded in validating the viability of BVLOS drone flights using mobile networks. Continue reading
Arcturus UAV Gets $7M Task Order for US Special Ops
AeroVironment, Inc. announced that its wholly-owned subsidiary Arcturus UAV, now operating under the AeroVironment brand, was awarded a competitive task order valued at approximately $7 million from the U.S. Special Operations Command (USSOCOM). Continue reading







