State-owned company Ukrspecexport, part of Ukroboronprom, and the Turkish company Baykar Defence, which is one of the leading manufacturers of drones, have created a joint venture in the field of precision weapons and aerospace technologies, the press service of the National Security and Defense Council of Ukraine (NSDC) has said. Continue reading
Category Archives: Business News
Elbit Signs UAV Production Deal with Kazakhstan
As part of the state defense order, Kazakhstan Aviation Industry LLP entered into a long-term contract with the company Elbit Systems Ltd. (Israel) for the assembly, production and maintenance of UAVs. Continue reading
Terra Drone Invests in Ventus Geospatial
Japan-based Terra Drone Corporation, a provider of industrial drone solutions, is expanding its global footprint in North America. Terra Done is partnering with US-based Ventus Geospatial, a leading provider of oil and gas inspection solutions and mapping services to form Terra Drone Ventus. Continue reading
DroneShield Raises $6.4M in Funding
DroneShield announced that it has received funding from institutional, professional and sophisticated investors to raise A$9,550,000 via a placement on the Australian Securities Exchange (ASX). Continue reading
Parrot Pulls Plug on Airinov
YellowScan Appoints New US Distributor
YellowScan, a supplier of UAV LiDAR Solutions, has announced a new US distribution partnership with Frontier Precision, a company that has been dedicated to its clients for more than 30 years. Continue reading
Kratos Places Engine Orders Ahead of First XQ-58A Valkyrie Production Contracts
Kratos Defense and Security Solutions has begun placing engine orders in anticipation of receiving first series production contracts for its XQ-58A Valkyrie unmanned combat air system (UCAS) before the end of 2019. Continue reading
Ascent Vision Technologies Gets $23M USAF CUAS Contract
Ascent Vision Technologies (AVT) was recently awarded a contract to deliver a full suite of counter drone vehicles to the U.S. Air Force. This unique capability, known as the eXpeditionary Mobile Air Defense Integrated System or X-MADIS, was selected by the Air Force after 18 months of testing, trials and evaluation across multiple military services and operational spectrums. The total contract value exceeds US$23mm and deliveries will begin later this year. Continue reading







