Category Archives: Business News

Baykar Sets Up Strategic Drone Maintenance Hub in Morocco

Turkish drone manufacturer Baykar has established a subsidiary in Morocco to set up a maintenance facility for the unmanned aerial vehicles (UAVs) it has sold to Rabat, according to Middle East Eye. The subsidiary, named “Atlas Defence,” was officially registered with the Moroccan Trade Registry on December 5, 2024. According to an announcement published in Morocco’s Official Gazette No. 5857 on January 29, 2025, the Rabat-based company has a capital of 2.5 million dirhams ($680,000). Continue reading →

Netherlands to Buy Rheinmetall Anti-Drone Cannons for $1.35 Billion

The Netherlands plans to buy 22 Skyranger mobile air-defense cannons from Germany’s Rheinmetall to protect ground troops against the increased threat of drones, in a project with a budget of €1.3 billion (US$1.35 billion), the Dutch Ministry of Defence said. Continue reading →

Insitu Gets $25M US Navy Support Contract

– Insitu Inc., Bingen, Washington, was awarded a $25,667,674 firm-fixed-price order (N0001925F0180) against a previously issued basic ordering agreement (N0001921G0007). Continue reading →

Piaggio Aerospace and Baykar Sign Preliminary Business Contract

The preliminary contract for the transfer of the business complexes of Piaggio Aero Industries and Piaggio Aviation – the two companies operating under the Piaggio Aerospace brand – to the Turkish Company Baykar has been signed. Continue reading →

Shield AI V-BAT Selected as Japan Maritime Self-Defense Force’s First Maritime ISR Platform

– Shield AI, the defense technology company building an AI-powered autonomy software platform and tools for the world, announced that its V-BAT unmanned aircraft system (UAS) has been selected by the Japan Maritime Self-Defense Force (JMSDF) as the country’s first-ever maritime-based intelligence, surveillance, and reconnaissance (ISR) platform. Continue reading →

Scandinavia’s Kriton Gets $31M Contract for Advanced Optical Assemblies for UAV Market

– Kitron has entered into a significant long-term contract for the production and services of advanced optical assemblies tailored for the Unmanned Aerial Vehicle (UAV) and drone market. Continue reading →

XQ-67 Getting Upgrades in Demon Ape Program

The U.S. Air Force’s XQ-67A drone is set to receive modifications and upgrades to demonstrate its ability to perform certain missions as part of a program called Demon Ape. Originally developed as a ‘sensor truck’ for the once-secretive Off-Board Sensing Station (OBSS) program, the stealthy XQ-67A is now being used as a testbed to support the Air Force’s larger Collaborative Combat Aircraft (CCA) advanced drone effort. Continue reading →

US Navy Extends Packet Digital Contract to Build Battery Systems

– Packet Digital announced that it has been awarded an additional contract by the U.S. Navy to continue its development of unmanned aircraft systems (UAS) smart batteries, chargers, and power systems. Continue reading →