Category Archives: Business News

AeroVironment Gets $96M US Army Next-Generation C-UAS Missile Contract

AeroVironment, Inc. has been selected to deliver the U.S. Army’s Next-Generation C-UAS Missile (NGCM). Along with this selection, AV was awarded a $95.9 million contract for the U.S. Army’s Long-Range Kinetic Interceptor (LRKI) program through the U.S. Army Combat Capabilities Development Command Aviation & Missile Center (CCDC AvMC) Aviation & Missile Technology Consortium (AMTC). Continue reading

Startup Raises $60M to Fight Wildfires with Water Cannons on Drones

Seneca, the resilience technology and infrastructure company, announced its public launch and a $60 million financing round. The round, believed to be the largest venture capital round in fire technology to date, was led by Caffeinated Capital and Convective Capital, with participation from First Round Capital, Transition VC, Advance Venture Partners, Nextview Ventures, Bullpen Capital, Stepstone Group, DCVC, Offline Ventures, Roar Capital, and Slow Ventures. Continue reading

HENSOLDT and AVILUS Join Forces for Innovative UAV Solutions ‘Made in Germany’

Sensor solution provider HENSOLDT and AVILUS, a specialist in unmanned aerial systems (UAS), have announced their strategic partnership. The aim of the collaboration is the joint development and marketing of state-of-the-art sensor and ISR systems based on proven technologies and agile production capacities ‘Made in Germany’. Continue reading

GA-ASI and Dutch Ministry of Defense Sign Agreement to Develop New Defence Capabilities

On October 16, General Atomics Aeronautical Systems, Inc. (GA-ASI) and the Dutch Ministry of Defence (MoD) signed an agreement to develop innovative defence capabilities starting with a small unmanned aircraft system (SUAS) designed to provide multi-role intelligence, surveillance, and reconnaissance (ISR) capabilities. The new platform will be low cost and able to host a variety of operationally relevant payloads and capabilities. Continue reading