Category Archives: Business News

AeroVironment Gets $181M Contract from Denmark for JUMP 20 Reconnaissance Drones

AeroVironment (AV), through its wholly owned subsidiary Arcturus UAV, has been awarded a contract by the Danish Defence Acquisition and Logistics Organisation (DALO) with a contract ceiling value of $181 million to deliver the JUMP 20 medium uncrewed aircraft system (UAS) to the Danish Armed Forces. Continue reading

Indian Navy Selects NewSpace for Unmanned Wingman

In what is easily the most significant deal between the Indian military and a local startup company, the Indian Navy has selected Bengaluru-based startup NewSpace Research & Technologies (NRT) to develop its Naval Collaborative Combat Air Vehicle (N-CCAV), an unmanned aircraft that will operate collaboratively with the navy’s MiG-29K and future Rafale-M fighter aircraft. Continue reading

Hidden Level Raises $100M Across Series B & C

Hidden Level, a supplier of passive radar and radio frequency sensing technology for detecting and precisely locating drones and other threats around you, has announced $65 million in Series C funding led by DFJ Growth with participation from Booz Allen Ventures, Revolution Growth, Costanoa Ventures, Washington Harbour Partners, Veteran Ventures, Founders Circle Capital, and others. Continue reading

French Army Orders 24 State-of-the-Art Serval LAD Counter-Aerial Drone 4×4 Armoured Vehicles.

To significantly enhance its ground forces’ air defense capabilities, the French Armed Forces Directorate General of Armaments (DGA) announced the acquisition of 24 Serval LAD (Anti-Drone) armoured vehicles on January 28, 2025. This new order is part of France’s expanding investment in counter-drone technologies, driven by lessons learned from recent conflicts, especially the ongoing war in Ukraine, where drones have played a pivotal role in shaping battlefield strategies. Continue reading

Dufour Aerospace Teams with Volatus Aerospace

Dufour Aerospace, the Swiss drone manufacturer, has signed a strategic teaming agreement with Volatus Aerospace Inc., a global supplier of aerial solutions. This partnership paves the way for the worldwide deployment of Dufour’s Aero2 drone—bringing smarter, more efficient aerial logistics, mapping, and surveillance solutions to industries and communities that need them most. Continue reading