Altitude Angel, a global UTM (Unified Traffic Management) technology provider, announced that it raised a further £4m ($5.3m US) from one of Europe’s largest VC investors, Octopus Ventures. Continue reading
Category Archives: Business News
Belgium to Acquire RQ-20 Pumas and RQ-21 Integrators
AeroVironment Puma LE
The Belgian army, in collaboration with its Dutch and Luxembourg counterparts, will acquire two type new drones to strengthen its range of UAS, the Department of Defense announced. Continue reading
China to Sell 50 Armed Drones to Pakistan
China’s state media has announced that he country will supply 50 Wing Loong II armed drones to Pakistan. This would pose a problem for Indian ground formations in high-altitude areas as India’s military does not have the ability to respond to a drone attack. Continue reading
Kratos Gets $17.8M XQ-58A Valkyrie Contract from USAF Research Lab
Kratos Defense & Security Solutions, Inc. announced that Kratos has received a $17,776,055 award from the U.S. Air Force Research Laboratory (AFRL) for work in support of the government’s Low Cost Attritable Aircraft Technology (LCAAT) efforts, including as related to the XQ-58A Valkyrie.
GA-ASI Gets $36M MQ-9 Support Contract for France
General Atomics Aeronautical Systems Inc., Poway, California, has been awarded a $36,246,974 modification (P00009) to contract FA8620-20-C-2009 for France contractor logistics support MQ-9 Block Five and Block One aircraft. Continue reading
Northrop Grumman Gets $22M US Navy MQ-8 Fire Scout Support Contract
Northrop Grumman Systems Corp., San Diego, California, is awarded a $22,320,161 modification (P00006) to previously awarded cost-plus-fixed-fee contract N00019-20-C-0025. Continue reading
Flyability Raises $11M in Series B Funding
Flyability has announced the closing of its 11M USD Series B, bringing the total amount raised by the company to 16M USD since its founding in 2014. Continue reading
GA-ASI Gets $305 M USAF MQ-9 Support Contract
General Atomics Inc., Poway, California, has been awarded a $305,188,639 cost-plus-fixed-fee contract for Reaper (MQ-9) contractor logistics support. Continue reading