Israel’s Defense Ministry on Sunday suspended the export licenses of three senior officials from an aircraft manufacturer suspected of testing one of its “suicide drones” against the Armenian military in 2017 at the behest of its client Azerbaijan in violation of Israeli law. Continue reading
Category Archives: Business News
FLIR Systems Gets $39.6M US Army Contract for Black Hornet
FLIR Systems, Inc. has been awarded a $39.6 Million order to deliver FLIR Black Hornet Personal Reconnaissance Systems (PRS) in support of the United States (U.S.) Army. Continue reading
DJI Uncovers Corruption Causing $150 Million Loss
China’s SZ DJI Technology Co Ltd, the world’s largest maker of consumer drones, has discovered several cases of serious corruption at the company and expects 2018 losses of more than 1 billion yuan ($150 million) as a result, the company announced. 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
Terra Drone and Plimsoll UAV Create Terra Drone Brazil
Terra Drone Japan (Shibuya-ku, Tokyo, CEO Toru Tokushige) and Plimsoll UAV (Rio das Ostras, Brazil, CEO Marcelo Belleti) announce the establishment of a joint venture called Terra Drone Brazil. Continue reading
GA-ASI Builds Team in Belgium for MQ-9B SkyGuardian
General Atomics Aeronautical Systems, Inc. (GA-ASI) announced that it has teamed with five Belgium-based businesses as part of an industrial collaboration effort with the Belgian aerospace and defense industry. Team SkyGuardian Belgium includes GA-ASI, SABCA, Thales Belgium, Esterline, DronePort, and satellite communication technology company Newtec. Continue reading
Drone Aviation Gets $3.8M Govt Award and $2M Funding
Drone Aviation Holding Corp., a manufacturer of tethered drones and lighter-than-air aerostats announced that it was selected by a prime contractor under an initial $3.8 million award. Additionally, the Company has solidified its cash position with the closing of an initial $2 million in equity capital to support the recently awarded contract.







