Category Archives: Business News

Northrop Gets $172M US Navy Triton Order

MQ-4C Tritons at a Northrop Grumman test facility in Palmdale, California

Northrop Grumman Systems Corp., San Diego, California, is awarded a $172,424,000 modification (P00004) to a previously awarded fixed-price-incentive-firm-target contract (N00019-19-C-0008). This modification exercises options for the production and delivery of two MQ-4 Triton unmanned air systems for the Navy, one Navy main operating base, trade studies and associated technical and administrative data. Continue reading

C$2M Investment for Canadian Heavy-Lift Drone

Laflamme Aéro announced the conclusion of a $ 2 million round of financing in which Investissement Québec, Anges Québec and Anges Québec Capital. Investments that are timely for the company which is preparing to market its LX300 drone from 2020, the first aircraft in the world of the unmanned helicopter type capable of carrying loads of 90 kilos. Continue reading