Northrop Grumman Corporation and the United Arab Emirates’ Higher Colleges of Technology (HCT) have signed a Memorandum of Understanding (MOU) to continue their highly successful science, technology, engineering and mathematics (STEM) partnership known as Innovation Challenge into 2014. Continue reading
Category Archives: Business News
Algeria Considers Adcom Systems Yabhon United 40 MALE UAS
Algeria has set its eyes on the Adcom Systems Yabhon United 40 Block 5 Unmanned Aircraft System (UAS) at the ongoing Dubai Air Show 2013. Algiers wants to boost its medium-altitude long-endurance (MALE) intelligence, surveillance, and reconnaissance (ISR) capacity. The Yabhon United 40 Block 5 is considered to be likely included in its fleet very soon. Continue reading
Domestic Start-Up Provides Aerial Targets for Indian Armed Forces
Aerial targets are a niche area within the large defence sector. To provide high-quality training for fighter pilots and anti-aircraft gunners and to test the effectiveness of radar and missile systems, the armed forces need aerial targets that can simulate incoming aircraft, missiles or unmanned aircraft systems. Continue reading
UAE Increases Stake in Piaggio Aero
A United Arab Emirates (UAE) investment fund has beefed up its stake in Italy-based Piaggio Aero, just as the aeronautics firm gets ready for the debut flight of its P.1HH Hammerhead UAS, scheduled to take place within days at Sicily’s Trapani Air Base. Continue reading
Belarus Unveils Domestic UAS
The avenues of developing technologies and armed forces of the Republic of Belarus were discussed by the leading designers and representatives of military industry. Continue reading
CyPhy Works Raises $7M Venture Funding for Civil & Military UAS Development
CyPhy Works, a developer of advanced Unmanned Aircraft Systems (UAS), announced the close of a $7 million financing round led by Lux Capital, with participation from General Catalyst Partners, Felicis Ventures and several undisclosed prominent angel investors. As part of the financing, Lux Capital Partner Bilal Zuberi will join the CyPhy Works board of directors. Continue reading
Top I Vision Gets $2.8M Contract in Africa
Top I Vision has been awarded a contract for supplying airborne intelligence systems to a country in Africa with a value of more than 10 million NIS ($2.8 million). Continue reading
Boeing and Lockheed Martin Joined to Secure $100+ BN Long-Range Strike Bomber Contract
The United States military is tasked with developing new and ground breaking technologies, but budget issues are causing problems for numerous programmes on the chopping block. Don’t expect that to happen to the U.S. Air Force Long Range Strike-Bomber (LRS-B), an important step in modernising the military’s combat aircraft programme. Continue reading