Category Archives: Business News

US Treasury Targets Covert Iranian UAV Procurement Network

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting six entities based in Hong Kong and the People’s Republic of China (PRC), engaged in the procurement of unmanned aerial vehicle (UAV) components on behalf of OFAC-designated Iranian firm Pishtazan Kavosh Gostar Boshra (PKGB) and its subsidiary Narin Sepehr Mobin Isatis (NSMI). Continue reading

Skydio Gets $19M X10D Contract from Spain’s Ministry of Defence

U.S. drone manufacturer Skydio has been awarded a contract by Spain’s Ministry of Defence (MINISDEF) to supply autonomous small uncrewed aerial systems (sUAS) technology to the Spanish Armed Forces. In partnership with Paukner Group, a Spanish defense and security product distributor, Skydio will deliver Skydio X10D drones in a contract worth up to €18 million ($18.7M USD). Continue reading