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
Category Archives: Business News
IAI and KAI Sign MOU for Manned & Unmanned Teaming Systems
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
Skydio Joins the Unicorn Club
US drone manufacturer Skydio announced that it has raised $170 million in Series D funding led by Andreessen Horowitz’s Growth Fund. This brings total funding raised to over $340 million with a current valuation of over $1 billion. Continue reading
Elbit Systems Gets $300 M Hermes 900 Contract for Asia
Elbit Systems Ltd. announced that it was awarded an approximately $300 million contract by a country in Asia to provide Hermes 900 Unmanned Aircraft Systems . The contract will be performed over a period of five years. Continue reading
UAE Army to Buy Chinese Golden Eagle CR500 VTOL UAVs
Back in November 2020, China North Industries Group Corporation Limited (NORINCO) announced that its Golden Eagle CR500 vertical take-off and landing UAV had completed final inspections and been cleared for delivery to an undisclosed costumer. Continue reading
Piaggio Aerospace Invites Bidders
The process for the sale of the business complexes of Piaggio Aero Industries and Piaggio Aviation – the two companies in extraordinary receivership operating under the Piaggio Aerospace brand – enters its final stage. 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
GA-ASI and GKN Aerospace Expand Strategic Relationship
General Atomics Aeronautical Systems, Inc. (GA-ASI) and GKN Aerospace have signed a contract for GKN Aerospace to manufacture the advanced composite V-tails for GA-ASI’s new MQ-9B SkyGuardian Remotely Piloted Aircraft System (RPAS) from their Cowes facility in the United Kingdom. Continue reading







