EDGE, the UAE’s advanced technology group for defence and beyond, has agreed upon a memorandum of understanding (MoU) with Israel Aerospace Industries (IAI) – Israel’s major aerospace and aviation manufacturer, to develop an advanced C-UAS (Counter-Unmanned Aircraft System) Solution tailored to the UAE market, with wider ranging benefits for the MENA region and beyond. Continue reading
Category Archives: Business News
US Air Force Awards Black Swift Technologies Contract to Develop Software to Predict UAS Failures
According to a study by the Center for Strategic and International Studies (CSIS), the U.S. Air Force “Remotely Piloted Aircraft” (RPA) or “Unmanned Aircraft Systems” (UAS), represent a low cost, high mission capable asset when compared to manned airplanes. The UAS reduced operation and maintenance costs remain a key catalyst for their expanded deployments. Yet UAS suffer some of the same vulnerabilities and limitation as manned aircraft, including reliability issues.[1] Continue reading
LiquidPiston Gets US Air Force Contract to Develop X-Engine
LiquidPiston, Inc., a developer of advanced rotary internal combustion engines, has announced the adaptation of its X-Engine technology for the United States Air Force to use in unmanned aerial systems (UAS) as well as “orbs” – urban air mobility (UAM) vehicles designed to carry people and cargo around. Continue reading
Nordic Unmanned Raises Capital for Acquisitions
Nordic Unmanned, a Norway-based provider of unmanned systems and services, announced that it has carried out a private placement of NOK 100 million to pursue acquisitions. Continue reading
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
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







