Category Archives: Business News

UAV Turbines Signs $19M Technology Investment Agreement with US Army

Locust USA, Inc, through its wholly-owned subsidiary UAV Turbines, Inc. (“UAVT”), a developer of advanced heavy-fuel microturbine propulsion systems, announced that it has entered into a $19 million Technology Investment Agreement (“TIA”) with the U.S. Army to collaborate in development of an efficient and reliable/durable small turboprop gas turbine engine for propulsion in the unmanned aerial vehicle (UAV) arena. Continue reading

Kratos Gets $81M US Government UAS Contract

Kratos Defense & Security Solutions, Inc., a National Security Solutions provider, announced that its Unmanned Systems Division (USD) recently received a single award IDIQ contract with a maximum potential value of $81,000,000 from a U.S. Government Agency related to unmanned drone systems and associated command, control, and communications.  Continue reading