Category Archives: Business News

Stark Valued at $500M after $62M in Fresh Funding Led by Sequoia Capital

German unmanned weapons systems startup Stark has raised $62 million in fresh funding led by Sequoia Capital, boosting its valuation to $500 million. The latest round has drawn interest from 8VC, Thiel Capital, the NATO Innovation Fund, In-Q-Tel (the CIA’s venture arm), Project A, and Döpfner Capital. Continue reading

Lockheed Martin Sikorsky Awarded US Army Contract for Black Hawk Modernization Efforts

Sikorsky, a Lockheed Martin company has announced a new U.S. Army contract that will fund Black Hawk modernization engineering efforts. The initial $43 million contract award will focus on foundational capabilities for modernization: enhancement of the airframe and inclusion of a digital backbone capability to allow for rapid unmanned aerial systems (UAS) integration. Continue reading

UK’s OSL to Supply New Drone Defence System for Norwegian Ministry of Defence

The Norwegian Defence Materiel Agency has signed a contract with a British company, Operational Solutions Ltd. (OSL), for the purchase of new anti-drone systems. The systems being acquired are known as anti-drone systems, also called “Counter Unmanned Aerial Systems,” or C-UAS, which will protect bases as well as stationary objects and installations from drones. Continue reading