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
Category Archives: Business News
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
Northrop Grumman Gets $82M US Navy MQ-4C Triton Contract
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
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







