Category Archives: Business News

Red Cat to Acquire FlightWave Aerospace Systems

Red Cat Holdings, Inc. , a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced it has entered into a Letter of Intent (LOI) for the planned acquisition of FlightWave Aerospace Systems Corporation a provider of Vertical Take-off and Landing (VTOL) drone, sensor, and software solutions. Edge 130, FlightWave’s Blue UAS approved military-grade tricopter would, upon closing, be added to Red Cat’s line of unmanned Intelligence, Surveillance, and Reconnaissance (ISR) systems. Continue reading

Rheinmetall’s Skyranger 30 to Integrate MBDA’s Small Anti-Drone Missile

To close the existing capability gaps in mobile defence against drones at short range, Rheinmetall Electronics and MBDA Deutschland signed a corresponding Letter of Intent (LOI) at ILA 2024. The companies intend to integrate MBDA’s Small Anti Drone Missile (SADM) into the Skyranger 30 and other Rheinmetall military vehicles. Continue reading

Airbus and Helsing to Collaborate on AI for Teaming of Manned and Unmanned Military Aircraft

Airbus Defence and Space and Helsing, a European defence AI and software company, signed a framework cooperation agreement at the ILA aerospace trade show in Berlin. According to the agreement, the companies will work together on artificial intelligence (AI) technologies which will be used in a future Wingman system. Continue reading

AgEagle Announces $2M Drone Sale to United Arab Emirates Distributor

AgEagle Aerial Systems Inc. has announced that the Company has secured a purchase order to deliver 20 eBee VISION full-stack systems with control systems, batteries, backpacks, and limited spares, to a leading distributor in the United Arab Emirates (UAE). The value of this system contract is expected to be approximately $2 million for fiscal year 2024. Continue reading

Airbus Defence and Space Partners with AI Start-Up NeuralAgent on Future Combat Air System Project

Airbus Defence and Space and NeuralAgent, an innovative AI start-up, have signed two contracts that will help shape the Future Combat Air System (FCAS) programme. This tri-national programme led by the Ministries of Defence from France, Germany and Spain marks a significant step forward in strengthening European Defence Systems, notably through cutting-edge artificial intelligence. Continue reading