Category Archives: Business News

Serbia’s PEGASUS UAV now with Emirati-made RASH-2M Guided Munition Kit

At the Partner 2025 defense exhibition in Belgrade, Serbia unveiled its latest unmanned aerial system (UAS): the domestically developed PEGASUS drone equipped with the Emirati-made RASH-2M guided munition kit. This pairing signals a notable evolution in Serbia’s indigenous UAV capabilities and reflects growing cooperation between Serbian and Middle Eastern defense industries. Continue reading

Rheinmetall to Supply Ukraine with Skyranger 35 on Leopard 1 Chassis Financed by Frozen Russian Assets

Rheinmetall is supplying Ukraine with further Skyranger 35 air defence systems based on the Leopard 1. The order is worth a three-digit million Euro figure. The systems are being financed by an EU country through the proceeds from frozen Russian assets. The production and integration of the systems will be carried out by Rheinmetall Italia SpA at its headquarters in Rome. Continue reading

FN Wins US Army Development Contract for Precision Grenadier System

FN America, LLC  announced that it has been awarded a Prototype Project Opportunity Notice (PPON) contract valued at $2 million, by the U.S. Army to further develop its submission for the Precision Grenadier System, a next-generation primary soldier weapon system and family of ammunition that enables precision engagements to destroy targets with increased lethality and precision compared to legacy grenade launchers. Continue reading

Volatus Aerospace and VoltaXplore Team for Canadian-Made Battery Supply to Power Next-Gen Drones

Volatus Aerospace Inc., a Canadian provider of aerial intelligence and unmanned aircraft systems, and VoltaXplore Inc., a high-performance lithium-ion battery manufacturer and subsidiary of NanoXplore Inc., announced the signing of a letter of intent (the LOI) for the future supply of Canadian-made lithium-ion battery cells to power Volatus’ next-generation drones. Continue reading

US Army Issues $1BN Order for HERO 120 Loitering Munition

Mistral Inc., a provider of advanced defense solutions, together with Uvision Inc. (formerly known as UVision USA), announced  that the U.S. Army awarded a multi-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract valued at $982,000,000 for the Lethal Unmanned System (LUS) program to procure, field, train, and sustain the HERO 120 loitering munition system. Continue reading