Category Archives: Business News

Northrop Grumman Gets $19.6M US Navy Fire Scout Contract

Northrop Grumman Systems Corp., San Diego, California, is awarded a $19,590,756 modification (P00020) to a previously awarded cost-plus-fixed-fee contract (N00019-17-C-0033).  This modification provides for the procurement of software design and system integration, qualification testing, and cybersecurity activities as well as engineering services in support the MQ-8 Fire Scout Unmanned Air System.   Continue reading

FLIR Systems Acquires Aeryon Labs for $200M

FLIR Systems, Inc. announced that it has acquired Aeryon Labs Inc., a developer of high-performance unmanned aerial systems (UAS) for the global military, public safety, and critical infrastructure markets for $200 million. Aeryon’s vertical takeoff and landing quad-copter airframes integrate multiple sensors, including FLIR thermal technology, to provide users with immediate high-resolution intelligence, surveillance, and reconnaissance (ISR) capability. Continue reading

Microdrones Expands into Asia with Aircam Acquistion

As part of an ongoing global growth initiative, Microdrones has acquired Aircam UAV Technology (“Aircam”), a 64 employee Chinese company with its main location in Foshan, an hour-drive from Guangzhou in Southern China, and a branch in Beijing. Aircam has developed a large Chinese and Southeast Asian customer base with a focus on surveying & mapping, utilities, and oil & gas industries.   Continue reading

FLIR Systems Gets $89M Black Hornet Contract from French Armed Forces

FLIR Systems, Inc. announced that it has been awarded a contract from the French Defense Procurement Agency (DGA) in support of the French Operational Pocket Drone (DrOP) program. The contract has a ceiling value of $89 million to provide the FLIR Black Hornet  3 nano-unmanned aerial vehicle (UAV) and Personal Reconnaissance System (PRS) to support French Armed Forces operations. Continue reading