SeekOps Inc., a company which develops and fields advanced sensor technology to detect, localize, and quantify natural gas emissions through integrated drone-based systems, has secured funding from two strategic investors as part of its Series A-1 fundraising. Continue reading
Category Archives: Business News
GA-ASI Gets $29M US Army Gray Eagle Support Contract
General Atomics Aeronautical Systems Inc., Poway, California, was awarded a $29,316,074 modification (P00016) to contract W58RGZ-19-C-0027 for performance based logistics support services for the MQ-1C Gray Eagle unmanned aircraft system. Continue reading
Turkey’s Baykar Makina Gets Government Support
Baykar Makina, the private Turkish drone maker with family ties to President Recep Tayyip Erdogan, will receive government support to expand output. The company plans to invest 600 million liras ($106 million) to increase its production of unmanned aerial vehicles, according to a presidential decree published Thursday in the nation’s official gazette. Continue reading
Terra Drone Invests in Australian UAV Services Provider
Tokyo-headquartered Terra Drone Corporation, the world’s largest industrial drone services provider, has finalized its expansion into the Australian market after completing an equity investment in Australian firm, C4D Intel Pty Ltd. As part of the deal, C4D Intel will immediately rebrand to Terra Drone Australia. Continue reading
KKR Wants to Buy 50% Controp Stake from Aeronautics
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
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






