Dynetics has been awarded up to $470 million to produce GBU-69B Small Glide Munitions for U.S. Special Operations Command, a U.S. Department of Defense release said. Continue reading
Category Archives: Business News
Huawei and Unifly Collaborate to Identify and Track Drone Flights
Left to right: Koen Meuleman, CFO of Unifly and Alex Wang Yufeng, President of Huawei Wireless X Labs
Huawei Technologies Co., Ltd and Unifly N.V have signed a Memorandum of Understanding (MoU) to cooperate in the field of Unmanned Traffic Management (UTM) systems. The MoU covers both research and development, and a joint market approach to Unmanned Aircraft Systems (UAS, or drone) management. Continue reading
Insitu Gets $117M Contract to Provide UAS ISR Services for U.S. Coast Guard National Security Cutter Fleet
Insitu‘s ScanEagle will provide small Unmanned Aircraft Systems (sUAS) ISR services aboard the entire U.S. Coast Guard National Security Cutter fleet thanks to a USCG contract award announced on June 7. Continue reading
GE Introduces New Company to Develop Next Gen UTM
GE introduced AiRXOS a new company helping to accelerate the safe, efficient, scalable integration of air and ground space for manned and unmanned vehicles. AiRXOS helps government agencies, regional aviation authorities and private sector operators manage and meet the increasing demand for sophisticated and safe Unmanned Aircraft Systems (UAS) operations. AiRXOS is a wholly-owned subsidiary of GE. Continue reading
US Navy Awards $48M for Counter-UAV Systems
The US Navy has awarded over $48 million worth contract to Virginia-based Six3 Advanced Systems Inc. to support deployment of counter- unmanned aerial systems (UAS) engineering, the Department of defense announced. Continue reading
US Navy Orders Protonex Fuel Cell Systems for UAV Field Trails
Ballard Power Systems announced that the Company’s subsidiary, Protonex, has received purchase orders from the U.S. Navy for a total of 13 fuel cell propulsion systems for unmanned aerial vehicles. Deliveries of the fuel cell propulsion systems are expected to occur in 2018. Continue reading
Drone Show Company Raises $18M Series A Funding
Verity Studios AG, the global leader in indoor drone technology, announced that it has raised $18 million in a Series A funding round, making Verity the world’s most well-funded company in the rapidly emerging commercial indoor drone market. Continue reading
Kittyhawk Raises $5M Funding for Next-Generation Enterprise Drone Solutions
Kittyhawk, the enterprise drone solutions company, announced it raised $5M in funding, bringing the company’s total capital raised to $6.5M. Kittyhawk raised the capital to further its capabilities as a full stack enterprise drone solution to empower a variety of industries already realizing value from commercial drone operations. Continue reading