The Swiss parliament on 7 September voted in favour of an armed forces plan to buy six Elbit Systems Hermes 900 unmanned air vehicles, in a deal valued at $256 million. Continue reading
Category Archives: Business News
Elbit Systems Gets $78 Million Contract in Europe
Elbit Systems Ltd. announced that it was awarded a contract from a European country to supply an Unmanned Aircraft System (UAS)-based cutting-edge intelligence solution. Valued at approximately $78 million, the contract will be performed over a two-year period by Elbit Systems’ ISTAR Division, established several months ago, as a result of combining Elbit Systems’ Electro-optics – Elop and UAS Divisions.
Denel Seeker 400 in Production
The annual report of South Africa’s Denel group states that its Seeker 400 unmanned aerial vehicle (UAV) system has completed its flight test programme and has entered production for “our local customer”. Continue reading
AIBLOB Delivers Photogrammetric Aerial Mapping and Artificial Intelligence in India
Aiblob, formed in early 2015, is aiming to deliver advanced aerial data analytics and using UAS for empowerment of the society in large. Continue reading
WB Electronics and Thales Unveil UAS for Polish Gryf Programme
WB Electronics and Thales unveiled at Poland’s MSPO exhibition, their exclusive tactical unmanned aircraft system for the Polish Gryf requirement. The WB Electronics/Thales solution offers a capability that fully meets the Gryf requirements for an armed unmanned aircraft system, and delivers the capability through full Polish industrial collaboration. Continue reading
Insitu Gets $9M US Navy Blackjack Services Contract
Insitu Inc., Bingen, Washington, is being awarded $8,810,938 for firm-fixed-price delivery order 0042 against a previously issued basic ordering agreement (N00019-12-G-0008) for interim contractor services in support of the RQ-21 Blackjack program.
EHANG Raises $42M in Series B Financing
EHANG announced that it has raised $42 million in series B financing. Led by GP Capital, and with participation from GGV Capital, ZhenFund, Lebox Capital, OFC and PreAngel, the move drives the valuation of the Chinese drone startup 100 times higher than 16 months ago when it was established.
Skycatch Lands $22M New Funding
Drone developer Skycatch Inc. has landed $22 million in new funding. The company is still raising its funding, and it has a target of $25 million, according to a regulatory filing. Continue reading