Category Archives: Business News

Ukraine and Turkey Sign JV for Precision Weapons, Aerospace Technologies

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

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