Ecuador’s President Rafael Correa has unveiled the country’s first domestically made unmanned aircraft system. It will help Quito fight drug traffic and will also be on sale in South America, costing “7 times less” than its Israeli equivalent. Continue reading
Category Archives: Business News
General Atomics Gets $32M United Kingdom Contractor Logistics Support Contract
General Atomics Aeronautical Systems Inc. has been awarded a $31,937,493 cost-plus-fixed-fee and firm-fixed-price undefinitized contract action (FA8620-10-G-3038 0080 09) for United Kingdom contractor logistics support (CLS) phase 1 and 2 effort consisting of urgent repairs and services, logistics support, field service representative support, contractor inventory control point and spares management, depot repair, flight operations support and field maintenance. Continue reading
Where Did AeroVironment’s 22,000+ UAS Go ?
Analysts following AeroVironment ($631 million market cap) find that it is full of surprises. When the company reported its Q2 2014 numbers, revenues were down 19% year over year, but the news wasn’t nearly as bad as the 33% plunge in revenues that investment banker Sterne Agee had predicted. Continue reading
India to Buy 15 Heron UAS from Israel
A proposal to procure 15 Heron UAS at a cost of around Rs 1,200 crore (USD 195M) was approved by the Cabinet committee on security headed by Prime Minister Manmohan Singh at its recent meeting . Continue reading
General Atomics gets $362M US Air Force Predator Logistics Contract
General Atomics Aeronautical Systems, Inc. has been awarded a $362,193,866 cost-plus-fixed-fee contract for Predator (MQ1)/Reaper (MQ9) Unmanned Aerial Systems contractor logistic support sustainment. Continue reading
Marques Aviation Announces Ma Thor Twin Tail Boom UAS
Marques Aviation in the UK has launched the MA THOR Twin, a versatile aircraft to be used in commercial and military missions as diverse as remote sensing and mapping, land and maritime border patrol, sea and land search and rescue, long endurance persistent surveillance, monitoring of oil and gas installations and pipelines, inspection of natural disasters, ecological work, firefighting, and many others. Continue reading
US Law Firm Launches Unmanned Aircraft Systems Practice Group
In light of the increasing use of UAS for commercial purposes, Kramer Levin Naftalis & Frankel LLP has launched a practice group dedicated to providing counsel to clients in this rapidly growing industry. The Unmanned Aircraft Systems Practice Group is a multidisciplinary team of Kramer Levin attorneys who are versed in the legal complexities of the nascent commercial UAS revolution. Continue reading
Northrop Grumman to Operate Man-Hunting Radar for Unmanned Aircraft Operations in Afghanistan
Airborne radar experts at the Northrop Grumman Corp. Electronic Systems segment in Linthicum, Md., will continue to operate and support a system designed to detect and follow people traveling on foot, as well as moving land vehicles, under terms of a $65.3 million contract modification. Continue reading

