Aero Kinetics, the first company to file for FAA Type Certification for multi-rotor unmanned aircraft, announced a deal with Strat Aero US Holdings, Inc., a U.S. subsidiary of Strat Aero PLC . The acquisition of Aero Kinetics is valued at $24 US million with incentives. Continue reading
Category Archives: Business News
General Atomics Gets $32M US Air Force GCS Contract
General Atomics – Aeronautical Systems Inc., Poway, California, has been awarded a $32,326,408 delivery order (0010) to previously awarded contract FA8620-15-G-4040 for Block 30 ground control station production undefinitized contract action effort. Continue reading
Korea Steps Up Drone Development
With countries around the globe racing to roll out better performing unmanned aerial vehicles, South Korea is striving to strengthen its entry into the market.
Elbit Systems Gets $200M Hermes 900 HFE Contract for Switzerland
Elbit Systems Ltd. announced that it was awarded an approximately $200 million contract from the Swiss Federal Department of Defense, Civil Protection and Sport (“DDPS”), for the supply of Hermes 900 HFE (Heavy Fuel Engine) Unmanned Aircraft Systems (UAS) and an advanced ground segment for command, control and communications. Continue reading
Insitu $71M Contract for 65 ScanEagles for Afghanistan
Insitu Inc., Bingen, Washington, is being awarded a $70,941,310 firm-fixed-price delivery order (0011) against a previously issued basic ordering agreement (N68335-11-G-0009) for the procurement of eight ScanEagle unmanned aircraft systems for the government of Afghanistan under the Foreign Military Sales program.
AeroVironment Gets $13 M RQ-20A Puma AE Order from US Marine Corps
AeroVironment, Inc. announced it received a firm fixed-price order valued at $13,015,396 for RQ-20A Puma AE small unmanned aircraft systems (UAS) and initial spares packages for the United States Marine Corps on October 27, 2015. Continue reading
RQ-4 Block 30 Global Hawk Sale Approved to Japan
The State Department has made a determination approving a possible Foreign Military Sale to the Government of Japan for RQ-4 Block 30 (I) Global Hawk remotely piloted aircraft and associated equipment, parts and logistical support for an estimated cost of $1.2 billion. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale on November 19, 2015.
Lockheed Martin Eyes AeroVironment Acquistion
One of AeroVironment’s fastest-growing products is the Switchblade UAV, a small “kamikaze” drone that launches from a tube or canister, extends its wings, and then flies as far as 10 kilometers under remote control, beaming back video to its control en route. Upon finding a target, Switchblade can be commanded to strike said target and detonate a small warhead, destroying drone and target simultaneously. Continue reading