With the investment of a double-digit million amount in Quantum-Systems GmbH, Porsche Automobil Holding SE is adding a fast-growing technology company from Germany to its portfolio. Continue reading
Category Archives: Business News
Kratos Gets $80M US Air Force Contract for 60 BQM-167A Target Aircraft Systems
– Kratos Defense & Security Solutions, Inc. has announced that Kratos has received a $79,870,161.48 Firm Fixed Price delivery order for the Lot 20 procurement of 60 aircraft, mission kits, certain flight consumables, and technical data for the BQM-167A Air Force Subscale Aerial Target (AFSAT) under a five-year base contract. Continue reading
Brazilian Air Force Buys New Hermes RQ-900 Replace Drone Lost in Flood Rescue Operations
On September 10th, Brazil’s Ministry of Defense published in the Official Gazette of the Union the Contract Extract No. 50/2024, regarding the replacement of a medium-altitude, long-endurance (MALE) Elbit Hermes 900 (RQ-900) drone for the Brazilian Air Force (FAB). Continue reading
FlightWave Gets $1.9M TACFI Award for Advanced Enhancements to Edge 130 VTOL
— FlightWave Aerospace has announced that it has secured a $1.9 million award through the U.S. Air Force’s Tactical Funding Increase (TACFI) program. Following the recent acquisition of FlightWave by Red Cat Holdings, Inc., the company will use the funding to support critical enhancements to the Edge 130 Vertical Takeoff and Landing (VTOL) system, now a part of Red Cat’s family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. Continue reading
Anduril Gets $9M US Army to Develop Launched Effects Technology
– Anduril Industries Inc., Washington, D.C., was awarded a $9,000,000 hybrid (cost-plus-fixed-fee and firm-fixed-price) contract to develop and demonstrate launched effects technology using the Agile-Launched, Tactically Integrated Unmanned System. Continue reading
DARPA Awards BAE Systems $4M for Tactical Autonomy Program
The Defense Advanced Research Projects Agency (DARPA) has awarded BAE Systems’ FAST Labs research and development organization a $4 million contract for Phase 1 of the Artificial Intelligence Reinforcements (AIR) program. Continue reading
US Army Selects Anduril and PDW for Company Level sUAS Requirement for Brigade Combat Teams
The U.S. Army has announced the selection of the Anduril Industries Ghost X and the Performance Drone Works C-100 UAS to meet the Army’s Company-Level Small Uncrewed Aircraft System Directed Requirement. This award is for Tranche 1 of the DR with a value of $14.417M using the Defense Logistics Agency’s Tailored Logistics Support 10-Year Indefinite Delivery Indefinite Quantity Contract. Continue reading
Anduril Unveils Barracuda-M Family of Cruise Missiles
On September 12th, Anduril unveiled the Barracuda family of air-breathing, software-defined expendable Autonomous Air Vehicles (AAVs) that are optimized for affordable, hyper-scale production. Continue reading