Category Archives: Business News

Raytheon Gets $33M US Navy Coyote Contract

Raytheon Co., Tucson, Arizona, has been awarded a $32,853,210 cost-plus-fixed-fee contract for the Autonomous Swarm/Strike – Loitering Munitions. This contract provides for work on the Coyote Block 3 (CB3) Autonomous Strike—a rapid capability effort to achieve operational launch capability from unmanned surface vessels (USVs) and an unmanned underwater vessel (UUV). Continue reading

IAI and KAI Sign MOU for Manned & Unmanned Teaming Systems

KAI & IAI teams during the MOU signing

Korea Aerospace Industries (KAI) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understandings (MOU) for collaboration in which the companies will offer the Republic of Korea (ROK) military forces with unmanned Loitering Munitions systems.  Continue reading

AeroVironment Acquires AI Firm Intelligent Systems Group

AeroVironment, Inc.  announced that it has acquired Progeny Systems Corporation’s Intelligent Systems Group (ISG), a leader in the development of artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies and provider of related services to United States government customers. Continue reading