AAI Corporation was awarded a $206,561,704 cost-plus-fixed-fee foreign military sales (Australia) contract for contractor logistics sustainment services for Shadow RQ-7B unmanned aerial systems.
Category Archives: Business News
AeroVironment Gets $10M Contract from Dutch MoD
AeroVironment, Inc. has announced the receipt of a contract from the Netherlands Ministry of Defence on October 14 for small UAS, upgrades and support services totaling $10,321,375. Delivery is anticipated within six months.
General Atomics Gets $310M US Army Gray Eagle Contract
General Atomics Aeronautical Systems, Poway, California was awarded a $310,000,000 cost-plus-incentive-fee contract for logistics support of the MQ-1C Gray Eagle unmanned aircraft system sustainment operations. Continue reading
US Army Wants to Blend Arrow UAS and Persistent Surveillance Systems Capabilities
The US Army intends to award North Eastern Aeronautical Company (NEANY) Inc. a USD 49.2 Million sole-source contract to modernise and merge the capabilities of the company’s Arrow unmanned aircraft system (UAS) with the service’s lighter-than-air (LTA) Persistent Surveillance System (PSS). Continue reading
Hangar Raises $6.5M to Automate Drone Data
Hangar Technology, an Austin, Texas startup, has raised $6.5 million for technology that lets corporations get all the business intelligence they want out of drones, without having to pilot them, or crunch the billions of data points that they generate. Continue reading
Drone Startup Funding Crashes
Drone startups hoping to snag venture-capital funding may have hit some turbulence. Financing for drone companies fell 59% year-over-year in the third quarter, and 48% from the previous quarter. The drone industry’s numbers were starker than for venture-capital funding overall, in which funding dollars fell 39% from the same quarter in 2015 and 14% sequentially. Continue reading
Airbus & DCNS Team on Rotary UAV for French Navy
Airbus Helicopters and maritime systems specialist DCNS have joined forces to offer the former’s VSR700 unmanned rotorcraft – derived from theHélicoptères Guimbal Cabri G2 – for a French navy tactical requirement.The teaming agreement was signed in mid-October, and the two companies will now offer the VSR700 for the navy’s Système de Drones Aériens de la Marine (SDAM) programme. Continue reading
Estonia’s Threod Systems Wins Tenders in 3 Countries
Estonian defense contractor Threod Systems has won internal security tenders in Greece, Cyprus and Kazakhstan, and plans to start offering its products in Ukraine and Indonesia in the future, according to Eesti Paevaleht reports writes LETA/BNS. Continue reading