The U.S. Army has awarded SRC Inc.of Cicero a $108 million contract to help it defeat enemy drones on the battlefield, marking one of the company’s single largest orders for the technology. Continue reading
Category Archives: Business News
Honeywell and Pipistrel to Collaborate on Urban Air Mobility
Honeywell and Pipistrel have signed a memorandum of understanding that will bring both companies together to explore and develop solutions for the urban air mobility market. The companies will integrate Honeywell avionics, navigation, flight control systems, connectivity and other beneficial products and services onto a future Pipistrel Vertical Takeoff and Landing (VTOL) air vehicle to support fully autonomous operations in the future. Continue reading
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
Aeronautics Execs Export Licenses Suspended
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
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