Category Archives: Business News

Northrop Grumman Gets $65M US Navy Contract for Triton Support

Northrop Grumman Systems Corp., Linthicum Heights, Maryland, is awarded $64,800,000 for firm-fixed-price delivery order N0001918F2470 against a previously issued basic ordering agreement (N00019-15-G-0026).  This delivery order provides for the low rate initial production 3 initial spares operational requirement to support organizational level maintenance for the MQ-4C Triton Unmanned Aircraft System Multi-Function Active Sensor (MFAS).  Continue reading →

US Regulator Approves $3M Order for 70 DroneGuns

DroneShield Ltd announced that it has received a $3,200,000 order for 70 DroneGuns for use by a Middle Eastern Ministry of Defence. The announcement stated that the Company’s ability to fulfil the order was subject to approval by the relevant U.S. regulator, and that there were no guarantees that the approval for that particular order would be granted. The Company is pleased to advise that the relevant U.S. governmental approval has now been granted. Continue reading →

OpenWorks Partners with Liteye Systems for North America

OpenWorks Engineering Ltd and Liteye Systems Inc., have formed an exclusive partnership to support military, law enforcement and security authorities with their counter-UAS missions; The two companies are joining forces to offer an integrated low-collateral-damage C-UAS defeat layer to Liteye’s already successful counter unmanned systems offerings. Continue reading →

Delair Opens First Office in Beijing

Delair has announced the opening of its first office in China. Based in Beijing, Delair will use it as a base to increase its presence in the rapidly expanding Chinese market and expand its network of local distributors. The office opening coincides with participation of Michaël de Lagarde, President and co-founder of Delair, at World Economic Forum’s Annual Meeting of the New Champions in Tianjin. Continue reading →

Airware Burns Through $118M and Crashes

Drone operating system startup Airware  suddenly informed employees it will cease operations immediately despite having raised $118 million from top investors like Andreessen Horowitz, Google’s GV, and Kleiner Perkins. The startup ran out of money after trying to manufacture its own hardware that couldn’t compete with drone giants like China’s DJI. The company at one point had as many as 140 employees, all of which are now out of a job. Continue reading →

AeroVironment Gets $6M Raven Contract from NATO for Portuguese Army

AeroVironment, Inc. has announced the receipt of a fixed-price contract award valued at $5,962,494 from NSPA on August 20, 2018.The contract award encompasses the procurement of Raven® unmanned aircraft systems equipped with Mantis i23 sensors and pocket Remote Video Terminals (p/RVT) for the Portuguese Army, with delivery scheduled over a three-year period. Continue reading →