Northrop Grumman Systems Corp., San Diego, California, is awarded a $14,305,018 modification (P00010) to a previously awarded cost-plus-fixed-fee contract (N0001923C0002). Continue reading
Category Archives: Business News
AeroVironment Gets $32M US Army Puma Contract
AeroVironment Inc., Simi Valley, California, was awarded a $32,066,339 modification (P00013) to contract W58RGZ-23-C-0007 for additional Puma units and associated training support services. Continue reading
Shield AI Valued at $2.8BN After Massive Series F Round
Defense tech startup Shield AI has expanded its latest funding round with another $300 million in equity and debt, bringing its total Series F to $500 million, TechCrunch has exclusively learned. Continue reading
AeroVironment Gets $65M US Army Switchblade Contract
AeroVironment Inc., Simi Valley, California, was awarded a $65,402,691 modification (P00036) to contract W31P4Q-20-C-0024 for the Switchblade weapon system. Continue reading
Drastic Increase in US Army Coyote Drone Interceptor Purchase Plans
The U.S. Army plans to substantially increase its arsenal of Coyote counter-drone interceptors, as well as associated launchers and radars, in the next five years or so. The service says it wants to buy 6,000 jet-powered Block 2 variants, which carry an explosive warhead to destroy their target, and 700 more Block 3 versions that utilize an unspecified “non-kinetic” payload.
PrecisionHawk Files for Bankruptcy
PrecisionHawk, a Raleigh, North Carolina-based developer of commercial drones, is shutting down. In mid-December 2023, the company voluntarily filed for Chapter 7 bankruptcy. Continue reading
Japan and USA Sign Joint Agreement for AI and UAS Research
The U.S. Department of Defense and the Japanese Ministry of Defense signed a project arrangement for joint research on Overwhelming Response through Collaborative Autonomy, Dec. 22, 2023. Continue reading
Nordic Unmanned to Sell CAMCOPTER Assets Back to Schiebel in a Non-Cash Transaction
Nordic Unmanned’s Flight Services business has come to an agreement with Schiebel Aircraft GmbH to settle outstanding payables in a non-cash transaction where Schiebel buys back one CAMCOPTER asset (Air Vehicle plus spare-parts). Continue reading