Category Archives: Business News

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

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

Malaysia and China Explore UAV Technology Collaboration

Malaysia is advancing in the field of unmanned aerial vehicle (UAV) technology through a collaborative effort with China, deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi said. The partnership, spearheaded by MARA Aerospace & Technologies Sdn Bhd and China’s Honeycomb Aerospace Technologies (Beijing) Co Ltd, is aimed at sharing expertise and developing UAV technology locally. Continue reading