– Heven AeroTech, a pioneer in hydrogen-powered Unmanned Aerial Systems (UAS), has announced a $100 million raise through a Series B round that values the company at $1 billion. Continue reading
Category Archives: Business News
Quantum Systems Triples Valuation to $3.5 Billion
Quantum Systems has tripled its valuation and raised €180 million in a Series C Extension led by Balderton Capital. This follows its €160 million Series C in May this year, bringing the total amount secured in 2025 to €340 million, which marks the largest private capital raise in Europe’s dual-use sector. This puts the company’s valuation above €3 billion. Continue reading
Anduril Faces Setbacks from Drone Crashes
A U.S. military plane soared over Florida’s Eglin Air Force Base earlier this month and released a drone made by the defence tech giant Anduril Industries to test whether it could take flight and conduct surveillance. The drone – a winged model known as Altius – nosedived 8,000 feet into the ground, according to an Air Force test summary, reported here for the first time. Continue reading
Chinese Businessman Takes 5% Stake in Sanctioned Russian Drone Maker, then Russia Deletes the Evidence
A Chinese drone parts supplier has taken an ownership stake in one of Russia’s most important military drone manufacturers, according to a bombshell Financial Times investigation just published. The revelation marks the first documented case of direct Chinese equity investment in a sanctioned Russian defence company. Continue reading
TEKEVER Gets $35M European Maritime Safety Agency Maritime Surveillance Contract
– TEKEVER has signed with the European Maritime Safety Agency (EMSA) a new €30 million (USD 35M) framework contract for a two year period with possible extensions up to 4 years. Continue reading
GKN Aerospace and Swedish Defence Ministry to Develop New UAV Demonstrator
– GKN Aerospace has entered into a collaborative programme with the Swedish Defence Materiel Administration (FMV) to develop and demonstrate a flying unmanned aerial vehicle (UAV) capability within 18 months. Continue reading
Uvision Acquires SpearUAV
–Uvision Group, a global pioneer in smart integrated systems, has announced the complete acquisition of SpearUAV, an Israeli defence tech company, developer of encapsulated AI-based loitering systems. Continue reading
Parrot Gets Multi-Year Contract from European Defence Force for Tactical Micro UAS
– Parrot has announced that its latest generation of professional micro-UAV systems, ANAFI UKR, has been selected by a major European Defence Force, with one of its leading distribution partners acting as prime contractor, in a competitive 3- year procurement program aimed at modernizing tactical reconnaissance and situational- awareness capabilities across frontline units. Continue reading