ESG Elektroniksystem und Logistik-GmbH, Diehl Defence and Rohde & Schwarz signed a cooperative agreement in the area of drone defence. Continue reading
Category Archives: Business News
Israel Defense Forces Receive Skylark 3
The Israel Defense Forces (IDF) are preparing to receive the first tranche of Skylark 3 unmanned aerial systems (UAS) in June, service officials have disclosed. Continue reading
Australia Invests Aus $101M in WASP AE Fleet
The Australian federal government has announced it will be investing AU$101 million into small unmanned aerial systems for use by the Australian Defence Force (ADF). The funding for the drone fleet comes under tranche one of a two-tranche program, with Minister for Defence Marise Payne commenting that Defence chose Wasp AE to meet an immediate need. Continue reading
New Investment Fund to Create ‘Team Drone Japan’
Japan’s first investment fund focusing on drone-related startups begins operation in June, offering financial assistance and business management advice for budding entrepreneurs. Continue reading
Global UAV Tech to Purchase NOVAerial Robotics
Procyon 800E
Global UAV Technologies Ltd. (formerly Alta Vista Ventures Ltd.) has announced that on May 24th, it signed a Letter of Intent (LOI) to purchase a 100% interest in the Canadian-based company, NOVAerial Robotics Inc. (“NOVAerial”) for a total consideration of CAD $700,000 – payable as $300,000 in cash and $400,000 in shares of Global UAV Technologies. $10,000 of the funds is payable as a refundable deposit. Continue reading
L-3 Gets $14M Predator Training Contract
L-3 Link Simulation and Training, Arlington, Texas, has been awarded a $13,946,359 modification (P00071) to previously awarded contract FA8621-13-C-6323 for Predator Mission Aircrew Training System (PMATS) Blue Box High Definition (BBHD) retrofit upgrade. Continue reading
Northrop Grumman Gets $304M US Navy Triton Contract
Northrop Grumman Systems Corp., has won a modification contract from the U.S. Navy to procure three low-rate initial production Lot 2 MQ-4C Triton unmanned aircraft. Continue reading
General Atomics Gets $400M USAF Reaper Contract
General Atomics – Aeronautical Systems Inc., Poway, California, has been awarded a $399,979,895 firm-fixed-price contract for MQ-9 Reaper production. Continue reading