A consortium of Japanese businesses led by NTT DOCOMO, Inc. and Space Compass Corporation, together with Mizuho Bank Limited and the Development Bank of Japan Inc., has committed to invest USD$100m in AALTO HAPS Limited, which manufactures and operates the stratospheric, solar-powered Zephyr High Altitude Platform Station (HAPS). The investment will be made through the Japanese Consortium’s investment vehicle, HAPS JAPAN Corporation. Continue reading
Category Archives: Business News
Northrop Grumman and Andøya Space to Support Norway’s Long Term Defense Plan
Northrop Grumman Corporation and Andøya Space signed a Memorandum of Understanding formalizing their collaboration to support Norway’s Long Term Defense Plan. This includes developing advanced autonomous maritime intelligence, surveillance and reconnaissance capabilities to meet Norway’s priorities. Continue reading
CACI Provides Canadian Armed Forces with C-UAS Technology
CACI International Inc has announced that it was selected by the Canadian Armed Forces to deploy counter-uncrewed aerial systems (C-UAS) that will defeat uncrewed aerial vehicle threats, including small drones, which have increasingly become more sophisticated and deadly. Continue reading
Drone Startup Neros Raises $11M Funding from Sequoia
LA-based Neros, an autonomous drone startup founded about a year ago, has raised $10.9 million in a seed round from Sequoia Capital to build a new factory and manufacture more drones to sell to Ukraine. Continue reading
GA-ASI Awarded AI Smart Sensor Contract
General Atomics Aeronautical Systems, Inc. was awarded a $94,808,020 cost-plus-fixed-fee contract for research, development, test, and evaluation of Autonomy and Artificial Intelligence for the Smart Sensor Intelligence, Surveillance, and Reconnaissance (ISR) prototype. The work was awarded by the Army Contracting Command on April 30, 2024, with an estimated completion date of March 31, 2026. Continue reading
DroneShield Awarded $3.8M US Government Repeat Order
DroneShield Ltd has announced that it has received a repeat order of $3.8 million from a U.S. Government customer for a number of its C-UxS (Counter-UxS) systems. C-UxS refers to counterdrone systems targeting multi-domain aerial, ground and maritime surface drones. Continue reading
Drone-As-First-Responder Firm Aerodome Raises $21.5M in Series A Funding
Aerodome, a supplier of Drone-As-First-Responder (DFR) technology, announced that the company has raised $21.5 million in Series A funding to continue building DFR solutions and growing its engineering and go-to-market teams. CRV led the round with participation from Andreessen Horowitz (a16z), Karman Ventures, Immad Akhund (CEO, Mercury), and Ford Street Ventures. The company raised its seed round in October 2023, led by a16z and 2048 Ventures, bringing its total funding to $28 million. Continue reading
Drone Delivery Canada and Volatus Aerospace Announce Merger
Drone Delivery Canada Corp. and Volatus Aerospace Corp. have announced that they have entered into a business combination agreement to combine the companies in a merger of equals transaction, with the combined company to continue under the name ‘Volatus Aerospace Corp.‘ and, subject to approval of the TSX Venture Exchange, continue trading under the ticker “FLT”. Continue reading