The American company AeroVironment has signed an agreement with a Ukrainian company to localize the Switchblade 600. The agreement was signed at the International Defense Industries Forum in Kyiv. Continue reading
Category Archives: Business News
Axon Completes Acquisition of Dedrone
– Dedrone is now officially part of Axon. The acquisition unites two companies with a shared mission to improve public safety and national security by staying ahead of persistent and escalating threats, enabling faster, more effective responses and ultimately protecting more lives in more places. Continue reading
Skyports, SEA Milano and 2i Aeroporti Launch ‘VEGA’ Joint Venture
– Skyports Infrastructure along with SEA Milan, the owner of Milan’s airports, and 2i Aeroporti, the leading Italian airport infrastructure investment company controlled by F2i infrastructure funds, have announced the formation of VEGA, a joint venture company established to advance the AAM ecosystem across Milan and the wider Lombardy region. Continue reading
Anduril Industries Gets $250M Department of Defense Air Defense Production Contract
– Anduril Industries has been awarded a $249,978,466 contract to deliver advanced air defense capabilities across services for the Department of Defense. This contract will deliver more than 500 Roadrunner-Ms and additional Pulsar electronic warfare capabilities, addressing the growing threat of unmanned aerial systems (UAS) attacks against U.S. forces. Continue reading
Red Cat and Palladyne AI Partner to Embed Artificial Intelligence into Teal Drones
– Palladyne AI Corp., a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, and Red Cat Holdings, Inc. , a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced a partnership intended to enhance the autonomous capabilities of all Red Cat’s Teal drones using Palladyne AI’s Pilot software. Continue reading
Patria’s Acquisition of Nordic Drones Received Authority Approval
– Patria announced on 13 June, 2024 about the acquisition of a leading manufacturer of drone systems Nordic Drones Oy and on 4 September, 2024 about the acquisition of an open source data collection product and business related to its cyber business area from WithSecure. Continue reading
Serve Robotics and Wing Partner to Expand Autonomous Delivery
– Serve Robotics Inc., an autonomous sidewalk delivery company, and Wing Aviation LLC, an on-demand drone delivery provider, have announced a pilot partnership to expand eco-friendly, autonomous food delivery offering a novel solution that will redefine last mile delivery. Continue reading
Rheinmetall and Honeywell Sign MoU to Develop New Technology
Düsseldorf-based technology group Rheinmetall and the U.S. industrials company Honeywell have signed a memorandum of understanding (MoU) to establish strategic cooperation in various fields of technology. The two companies intend to cooperate on new visual systems and auxiliary power units for vehicles, among other things. Continue reading