RapidFlight, an integrated designer and manufacturer of unmanned aircraft systems (UAS), has been awarded a contract valued up to $10 million by the United States Department of the Air Force (DAF) AFWERX Autonomy Prime program to develop and produce a customizable, autonomous, fixed-wing aircraft system, the SPX. Continue reading
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
Joby Acquires Xwing Autonomy Division
Joby Aviation, Inc., a company developing electric air taxis for commercial passenger service, has announced the acquisition of the autonomy division of Xwing Inc., a developer of autonomous technology for aviation. Continue reading
Titra to Integrate Airbus’ DeckFinder Airbus on ALPiN Drone for Naval Missions
Turkish drone-maker Titra is teaming with Airbus to modify the ALPiN unmanned helicopter so it can operate from naval platforms as well as take off and land autonomously, the former announced last week. Continue reading