Raytheon Company has been awarded a contract valued at up to $45.7 million by Northrop Grumman Aerospace Systems for ground segments in support of four Global Hawk unmanned aircraft systems recently purchased by the Republic of Korea. Continue reading
Category Archives: Business News
Avionics Services to Produce Heron-Based UAV in Brazil
Avionics Services is entering the Brazilian Unmanned Aerial Vehicle (UAV) arena, and is planning to produce Medium Altitude Long-Endurance (MALE) UAV, the “Caçador”.
DARPA Awards Prime Contracts for Tern Phase 2
DARPA has awarded prime contracts for Phase 2 of Tern, a joint programme between DARPA and the U.S. Navy’s Office of Naval Research (ONR). The goal of Tern is to give forward-deployed small ships the ability to serve as mobile launch and recovery sites for medium-altitude, long-endurance unmanned aerial systems (UAS).
SAAB Teams with Reliance Defence for Indian Navy UAS
SAAB has tied up with Anil Ambani’s Reliance Defence and Aerospace to bid for the ship-borne unmanned aerial vehicle (UAV) programme of the Indian Navy, valued at 1,000 crore ($160M).
Armed UAV Exports Limited Despite Demand
An arms transfer study from the Stockholm International Peace Research Institute (SIPRI) claims that only the UK and Nigeria have been the recipients of armed unmanned air vehicles, despite “widespread interest” in their acquisition. Continue reading
Boeing to Conduct Unmanned Systems Demos in Denmark
Boeing will conduct Denmark’s first-ever beyond visual line of sight unmanned airborne system (UAS) flights under civilian authority in May, another aspect of a partnership with Hans Christian Andersen Airport designed to help Denmark become an unmanned aerial systems leader.
Cottonwood Euro Technology Fund Invests €1.6 million in Clear Flight Solutions
The Cottonwood Euro Technology Fund, the American-based seed and early-stage fund who opened its first European fund in Enschede, is investing 1.6 million Euros in Clear Flight Solutions, a robotics drone spin-off company from the University of Twente. With this investment Clear Flight Solutions will focus on becoming worldwide market leader in bird control solutions with their lifelike robotic birds. Continue reading
VC Funding to Drones Tops $100M in 2014
According to CB Insights data, investment in 2014 to the nascent drone industry topped $108M across 29 deals. Year-over-year funding increased 104% as venture firms including Lightspeed Venture Partners, GGV Capital and Kleiner Perkins Caufield & Byers among others jumped into the drone space with sizable bets. Continue reading