Teledyne FLIR Defense, part of Teledyne Technologies Incorporated, and STORM have announced a partnership that will bring Teledyne FLIR’s Black Recon vehicle reconnaissance system to RADS, the Rapid Adapt and Deploy System. Continue reading
Category Archives: Business News
AeroVironment Gets $500M US Army C-UAS and C-sUAS Contracts
AeroVironment Inc., Simi Valley, California, was awarded a $500,000,000 firm-fixed-price contract for the procurement of commercial counter-unmanned aerial systems and counter small-unmanned aerial systems capabilities. Continue reading
Airbus and Brave1 Partner to Boost Ukrainian Defence Innovation
Airbus Defence and Space signed a Memorandum of Understanding (MoU) with Brave1, Ukraine’s central government-led defence technology coordinator. Functioning as a joint innovation platform for the country’s ministries, military, and private tech sector, Brave1 serves as the main hub to fast-track cutting-edge battlefield technologies from concept to combat deployment. Continue reading
Quantum Systems Raises $1.2Bn Series D Raising Valuation to $8Bn
Quantum Systems has announced the signing of its $1.2 billion Series D financing round, valuing the company at ~ $8 billion on a post-money basis. The round was co-led by Blackstone, Noteus, Airbus and Advent, and supported by a high-calibre syndicate of crossover and long-term institutional investors including BOND, Fidelity Management & Research Company, Wellington Management, A.P. Moller Holding, and Elephant Lake Ventures, as well as existing shareholders such as Balderton and HV Capital. Continue reading
Honeywell Aerospace Launches as Standalone Firm
Honeywell Aerospace began trading as an independent publicly traded company under the ticker HONA on the Nasdaq on June 29, marking the latest milestone in Honeywell International’s plan to separate into three standalone businesses focused on aerospace, industrial automation, and advanced materials. Continue reading
SOCOM Seeks a Long-Range Kamikaze Drone
U.S. Special Operations Command is looking for a small but long-range kamikaze drone. The goal is to develop an air-launched loitering munition “with an extended range and capabilities beyond the current SOPGM [Stand-Off Precision Guided Munition portfolio],” according to a June 26 SOCOM Request For Information. Continue reading
MBDA and Ukrainian Armor Announce Strategic Partnership to Develop Deep Strike and C-UAS Capabilities
MBDA and the Ukrainian defence company Ukrainian Armor have signed a Memorandum of Understanding (MoU), launching a strategic partnership discussion aimed at developing advanced defence capabilities in the fields of Deep Strike and Counter-Unmanned Aerial Systems (C-UAS).
L3 Harris to Deliver VAMPIRE C-UAS Interceptors to US Army in $106M Deal
L3Harris Technologies has been selected by the U.S. Army to deliver VAMPIRE counter-unmanned systems (c-UxS) to support urgent defense against hostile drones. The Army’s order is worth up to $106 million as part of the United States’ layered c-UxS defence approach. Continue reading