The Latvian National Armed Forces next year will receive drones that are purchased with financial support from the US for EUR 2.4 million, the Latvian Defense Ministry reported. Continue reading
Category Archives: Business News
Altavian Gets $250M US Army TUAS Contract
Altavian, Inc. has been awarded a $250MM Indefinite Delivery, Indefinite Quantity contract with the US Army. Under the Program Executive Office Aviation, Products Office for Tactical Unmanned Aircraft (TUAS), Altavian will be supporting the largest small UAS program in the world.
Anglo-French Combat UAV Demonstrator on Hold
British and French industry were disappointed after their offer to build a technology demonstrator for a combat drone was put on hold, mainly by the U.K., according to Eric Trappier, chairman of the Gifas trade body.
Dropcopter Pollinator Secures $250,000 Investment
DropCopter of Corning, California, works on the automated pollination of orchard crops via unmanned aircraft systems (UAS). It strives for farming efficiency, the promotion of new technologies and healthy crop yield growth. Continue reading
BlueBird Aero Systems Signs JV with Cyient India
Ronen Nadir (left) with Cyient MD and CEO Krishna Bodanapu (centre)
Hyderabad-based IT services company Cyient has entered into a joint venture with Israel-based BlueBird Aero Systems on Wednesday. As part of the agreement, the joint venture named Cyient Solutions and Systems Private Limited will offer field-proven UAV systems to Indian defence, paramilitary, security, and police forces. Continue reading
Aeronautics and Mahindra Partner for Shipborne UAS
Mahindra Defence and Aeronautics Ltd of Israel signed a Memorandum of Understanding to partner for Naval Shipborne UAVs. Aeronautics and Mahindra will offer a UAV system which can be launched and recovered from Indian warships. Continue reading
Aeronautics Gets Investment from Israeli Insurer
Israeli insurer Phoenix Holdings Ltd. bought a 5.18% stake in Israeli drone maker Aeronautics Defense Systems Ltd., according to a Monday filing to the Tel Aviv Stock Exchange. The deal was completed in late March. Continue reading
Fotokite Wins $1M Genius NY competition
Fotokite, a Switzerland-based company that developed a kite-like, tethered drone that can stay in the air almost indefinitely, won the $1 million grand prize in the Genius NY business competition Monday. Continue reading