AeroVironment Inc., Simi Valley, California, was awarded a $21,779,908 cost-plus-fixed-fee completion contract for a Defense Advanced Research Projects Agency research project. Continue reading
Category Archives: Business News
Astro Aerospace to Acquire Horizon Aircraft
Horizon Cavorite X5 eVTOL
Astro Aerospace Ltd., a developer of eVTOL aerial vehicles and drones, and Horizon Aircraft Inc., a developer of advanced eVTOLs, have entered into an agreement under which Astro will acquire privately held Horizon for five million common shares of Astro stock, the material terms of which are disclosed in the Company’s related 8-K filing. Continue reading
AeroVironment Gets $13M US Army Switchblade 300 Support Contract
AeroVironment, Inc. announced that it received a $13,010,560 cost-plus-fixed-fee contract order on March 24, 2021 from the U.S. Army for Switchblade 300 tactical missile systems contractor logistics support. Continue reading
Drone Delivery Startup Manna Raises $25M
Manna announces a $25M Series A led by Draper Esprit, with participation from Team Eurpope, DST Global, and with participation from existing investors Dynamo Ventures, Atlantic Bridge, and Elkstone. Continue reading
US State Department Approves $1.6BN MQ-9B Deal for Australia
MQ 9B Skyguardian
The US State Department has made a determination approving a possible Foreign Military Sale to the Government of Australia of MQ-9B Remotely Piloted Aircraft and related equipment for an estimated cost of $1.651 billion. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale on April 23. Continue reading
AeroVironment Gets US Special Ops $26M Switchblade 600 Contract
AeroVironment, Inc. announced it was awarded a cost-plus-fixed-fee contract on March 31, 2021 by the United States Special Operations Command (USSOCOM) for $26,120,810 with $7,159,036 funded upon receipt. Continue reading
US State Department Approves $1.6BN Australia MQ-9B SkyGuardian Deal
The U.S. State Department on Friday approved a $1.6 billion foreign military sale of MQ-9B drones for Australia. Continue reading
Robotic Skies Gets Investment from Japan-Based DRONE FUND
Robotic Skies, Inc, the first and only maintenance marketplace for high-end commercial and industrial drones, announced an investment from Japan-based DRONE FUND to support continued growth and services development. Continue reading