– General Atomics Aeronautical Systems, Inc. has announced two businesses that it will invest in from the inaugural Blue Magic Netherlands (BMN) event last November: Emergent Swarm Solutions and Saluqi Motors. Continue reading
Category Archives: Business News
Japan Announces Ship-Launched UAV Tender
Japan’s Acquisition, Technology and Logistics Agency (ATLA), a department within Japan’s Ministry of Defence responsible for advanced and emerging technology procurement, recently announced an open competitive tender for the provision of a proof of concept for a ship-launched UAVs. Continue reading
NATO Buys Palantir Maven AI Military System
The NATO Communications and Information Agency and Palantir Technologies Inc. have finalized the acquisition of the Palantir Maven Smart System NATO (MSS NATO) for employment within NATO’s Allied Command Operations (ACO), marking a significant advancement in the modernization of NATO’s warfighting capabilities. Continue reading
Near Earth Autonomy Gets $11M US Army Heavy VTOL Demo Contract
– Near Earth Autonomy Inc., Pittsburgh, Pennsylvania, was awarded an $11,499,839 firm-fixed-price contract to design, develop and conduct a demonstration of heavy vertical takeoff and landing systems. Continue reading
HHLA Sky and Third Element Aviation Merge to Strengthen European Drone Technology
– HHLA Sky, an innovator in mobile robotics, has announced its merger with drone manufacturer Third Element Aviation. This union between long-standing partners establishes a European provider specializing in the automation of drone and mobile robot fleets on an industrial scale. Continue reading
BRINC Secures $75M, Forms Strategic Alliance with Motorola Solutions to Scale Production
– BRINC, an American manufacturer of emergency response drones, has announced that it has raised $75 million in new funding. This capital will be used to accelerate the development and production of BRINC’s lifesaving drone technology. Continue reading
UVision Acquires Trim Robotics, Expanding its Loitering Munition Capabilities
– UVision USA, a manufacturer of loitering munition systems, announced the acquisition of Trim Robotics, a cutting-edge developer of next-generation rotary-wing high maneuver loitering munitions. Continue reading
AeroVironment Stockholders Approve $4BN Acquisition of BlueHalo
– AeroVironment stockholders have approved the issuance of AV common stock for the acquisition of the defense engineering company BlueHalo. In a statement posted Tuesday, Wahid Nawabi, chairman, president and CEO of AV, said the milestone will enable his company to move forward with BlueHalo’s acquisition and turn AV into a leading defense technology company. Continue reading