Category Archives: Business News

HevenDrones and Mach Industries Partner to Manufacture Hydrogen-Powered Drones in the USA

— Mach Industries, a leader in advanced defense manufacturing, has announced that it will partner with HevenDrones, a global player in hydrogen-powered drone technology. The partnership will integrate Forge, Mach Industries’ survivable manufacturing network, and HevenDrones’ advanced UAV technology to produce drone platforms. Continue reading

Neros Raises $35M Series A to Accelerate American Drone Manufacturing

Neros, in front of an audience of 800 DoD decision makers and industry leaders, announced a $35M Series A funding round led by Vy Capital US on March 17. This comes on the heels of major announcements by the company around supply chain certification from the Defense Innovation Unit and a multimillion dollar contract from the International Drone Coalition. Continue reading

BlueHalo and GrandSKY Partner to Create a Unique Hub for Tech Innovation, Testing, and Training

BlueHalo and GrandSKY, the nation’s first commercial business park focused on unmanned aircraft systems (UAS), announced a formal agreement today through a signed memorandum of understanding (MOU). The collaboration will promote the integration of BlueHalo’s next- generation autonomous systems, layered air defense solutions, hypersonic telemetry, and airspace command and control technologies into GrandSKY’s facilities and Air Space Infrastructure Systems (ASIS) to create an unmatched flight operations environment. Continue reading

Naval Air Systems Command Awards Kratos Additional $59M for BQM-177A Subsonic Aerial Target Systems

Kratos Defense & Security Solutions, Inc., a Technology Company in the Defense, National Security and Global Markets, and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced that Kratos has received $59,338,010 for an additional 70 BQM-177A Subsonic Aerial Target (SSAT) aircraft through the exercise of the contract option for Full Rate Production (FRP) Lot 6. Continue reading