In response to technical setbacks earlier this year and escalating uncertainties in the Middle East, Switzerland’s armasuisse has reached an agreement with Elbit Systems Ltd, the supplier of the ADS 15 drone system, to prolong the delivery timeline until the end of 2026.
Continue reading
Category Archives: Business News
Draper Wins $26M Pentagon Contract for Remote CBRN Detection Using Autonomous Teaming Drones
Draper announced it has been awarded a $26 million (all options) contract by the U.S. Department of Defense (DOD) to further expand the capabilities of its unmanned autonomous systems (UAS) software to perform chemical, biological, radiological and nuclear (CBRN) reconnaissance missions in collaborative teams and in degraded operating environments. Continue reading
Collins Aerospace Signs MoU with Saudi Arabia to Develop UAS and Robotics
Collins Aerospace has signed a memorandum of understanding with SRB Aerial Systems L.L.C to support research, development and execution of unmanned aerial systems and robotics for use by the Kingdom of Saudi Arabia. Continue reading
$1.76 BN Makes Baykar Turkey’s Leading Exporter
Turkish drone magnate Baykar became the export champion in Turkey with $1.76 billion in exports, as the country strives to nationalize and further develop its defense sector. Continue reading
Hanwha to Provide Korean Military Anti-Drone Systems
South Korean aerospace and defense maker Hanwha Systems Co. is set to establish a military system to cope with small unmanned aerial vehicles (UAVs) and drones from the North while planning to develop various models of the system for exports. Continue reading
Northrop Grumman Gets $14M US Navy MQ-8 Fire Scout Support Contract
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
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