Just a few days after the acquisition of Aeronautics by Rafael Advanced Defense Systems and Avichai Stolero was completed, the new owners are working on a deal to make back almost half of their NIS 850 million investment in the acquisition of the Israeli unmanned aerial vehicle (UAV) developer and manufacturer. Continue reading
Category Archives: Business News
Rafael and Stolero Complete Acquisition of Aeronautics
Israeli defense giant Rafael Advanced Defense Systems and businessman Avihai Stolero have completed their acquisition of unmanned aerial vehicle (UAV) manufacturer Aeronautics, the parties announced on Tuesday. Continue reading
AgEagle Enters Commercial Drone Delivery Market
AgEagle Aerial Systems, Inc., a provider of advanced aerial imagery and data collection and analytics solutions for the sustainable agriculture, precision farming and urban green management markets, has begun to actively pursue expansion opportunities within the emerging Drone Logistics and Transportation market – a market forecasted to grow to $29 billion in the next eight years. Continue reading
GA-ASI Gets $93M Reaper/Gray Eagle Special Ops Contract
General Atomics Aeronautical Systems Inc. (GA-ASI) of Poway, California was awarded a maximum $78,000,000 indefinite-delivery/indefinite-quantity contract with firm-fixed-price and cost-plus-fixed-fee contract line items with potential maximum estimated values of $93,000,000. Continue reading
Four New Belgian Companies Join Team SkyGuardian
General Atomics Aeronautical Systems, Inc. (GA-ASI) has announced that four more Belgium-based businesses have been selected to join five previously identified companies to support the development of MQ-9B SkyGuardian RPA for Belgium. AeroSimulators Group (ASG), AIRobot, ALX Systems and Hexagon will join Team SkyGuardian, which already includes the following five Belgium companies: SABCA, Thales Belgium, Esterline, Newtec and DronePort. Continue reading
Trumbull to Scale ExxonMobil Drone Inspections
Houston-based, Trumbull has supported ExxonMobil since 2014 and was one of the first US companies approved for operations. Recently awarded a 5-year Unmanned Aircraft Systems (UAS) Agreement, Trumbull will expand drone data collection and inspections as part of a new contract. Continue reading
Pentagon’s Investor-Industry Matchmaking Program Will Focus on Small UAS in First Event

The Honorable Ellen M. Lord, under secretary of defense for acquisition and sustainment, meets with U.S. Army Special Operations Command personnel during the 2018 Special Operations Forces Industry Conference
The Defense Department’s effort to connect sources of capital with small companies that need investment will begin with a focus on those that design and manufacture small unmanned aerial systems, the Pentagon’s acquisition chief told reporters. Continue reading
Deveron Acquisition Targets US AgTech Market
Deveron UAS Corp. an agriculture digital services and analytics provider in North America has announced it has entered into an agreement to acquire Kansas City, Missouri based digital agriculture provider Atlas Team. Continue reading






