US-based IronNet and Asterion Systems have joined forces to test a unique Hitchhiker interceptor drone on the Ukrainian frontline. Continue reading
Category Archives: Business News
Drone Accessory Maker Unusual Machines Shares Surge After Donald Trump Jr. Joins Advisory Board
Florida-based Unusual Machines, Inc., a drone and drone components manufacturer, announced on November 27th that Donald Trump Jr., an investor in the Company, has joined the Company’s advisory board.
Dynetics Gets US Army Contract Worth up to $4BN for Indirect Fire Protection Capability Increment 2
On November 13, 2024, the Army awarded Dynetics, Inc. an Undefinitized Indefinite Delivery/Indefinite Quantity letter contract for Indirect Fire Protection Capability Inc 2 Low-Rate Initial Production, Full Rate Production, and Support Services. Continue reading
Finland’s Summa Defence to Establish a Drone Production Facility in Finland with Ukrainian Partners
The Finnish defense and security technology group Summa Defence Ltd is establishing a drone production facility in Finland in collaboration with its Ukrainian partners. Continue reading
Latvia’s Origin Wins €4.5M European Defence Fund Grant for Man-Portable Target Laser UAV
Latvian defence tech startup Origin has secured €4.5 million from the European Defence Fund (EDF) to develop a man-portable ISTAR drone (intelligence, surveillance, target acquisition, and reconnaissance) with target laser designation capability. Continue reading
Lithuania to Fund Production of Long-Range Ukrainian Drones
On November 23, defence ministers from Ukraine and Lithuania signed a memorandum in Vilnius, establishing a framework for enhanced cooperation and support for Ukraine’s security and defence forces. Continue reading
Duke Robotics Insulator Cleaning Drone Works Well for Israel Electric Corporation
– Duke Robotics Corp, a provider of advanced robotics technology and autonomous drone solutions, has announced initial revenue generation from its previously reported agreement with the Israel Electric Corporation for high-voltage insulator washing services using the Company’s innovative IC Drone . Continue reading
Teledyne FLIR to Provide Thermal Cameras for Red Cat Drone Black Widow US Army SRR Program Award
– Teledyne FLIR, part of Teledyne Technologies Incorporated, has announced that it has been selected by Red Cat Holdings, Inc., to provide thermal imaging and Artificial Intelligence (AI) embedded software for its Black Widow small unmanned aircraft system (sUAS). Continue reading