Category Archives: Business News

US Army Issues $1BN Order for HERO 120 Loitering Munition

Mistral Inc., a provider of advanced defense solutions, together with Uvision Inc. (formerly known as UVision USA), announced  that the U.S. Army awarded a multi-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract valued at $982,000,000 for the Lethal Unmanned System (LUS) program to procure, field, train, and sustain the HERO 120 loitering munition system. Continue reading

Auterion Raises $130M Series B for AI-Enabled Software

Auterion, a provider of autonomous systems software for defense, has announced that it has raised $130 million in Series B funding led by Bessemer Venture Partners. Auterion’s Series B funding will accelerate its mission to “build swarms, not individual drones” by scaling production of its AuterionOS platform and Nemyx defense system, which turns autonomous drones into coordinated combat forces operating across air, land, and sea domains. Continue reading