Red Cat Holdings, Inc. a drone technology company integrating robotic hardware and software for military, government and commercial operations, announced that subsidiary Teal Drones has received a second $2.6 million purchase order to supply Teal 2 systems to the U.S. Defense Logistics Agency (DLA). Continue reading
Category Archives: Business News
AeroVironment, Inc. to Acquire Tomahawk Robotics
AeroVironment has announced its anticipated acquisition of Tomahawk Robotics, a leader in AI-enabled robotic control systems. The acquisition will enable deeper integration of both companies’ technology, leading to enhanced interoperability and interconnectivity of unmanned systems through a singular platform with similar control features. Continue reading
Netherlands Increases Order of MQ-9A
The Royal Netherlands Air Force (RNLAF) will double the number of MQ-9A Remotely Piloted Aircraft they will procure, taking the total order from four to eight aircraft. The first four MQ-9A Block 5 Reapers and associated Ground Control Stations were delivered to the RNLAF in 2022. MQ-9A is designed and developed by General Atomics Aeronautical Systems, Inc. (GA-ASI). Continue reading
Elbit Systems Gets $55M Counter UAS Solution Contract from the Netherlands
Elbit Systems announced that it was awarded a contract worth approximately $55 million to supply multi-layered ReDrone Counter Unmanned Aerial Systems (C-UAS) to the Netherlands. The contract will be performed over a period of four years. Continue reading
General Atomics Gets $12.5M US Army Aircrew Services Contract
General Atomics Aeronautical Systems Inc., Poway, California, was awarded a $12,568,468 cost-plus-fixed-fee contract for aircrew launch and recovery services. Continue reading
Draganfly to Set Up Manufacturing Facility in India
US-Canadian unmanned aerial vehicle (UAV) company Draganfly has signed an agreement with Hyderabad-based Remote Sensing Instruments (RSI) to produce and distribute Draganfly products in India. Continue reading
Boeing Gets $115M Contract to Enhance Readiness of MQ-25A Stingray Aircraft
Boeing has been granted a $115 million contract by the US Navy’s Naval Air Systems Command (NAVAIR) to furnish spare parts and repair equipment for the MQ-25A Stingray aircraft, ensuring its operational readiness and maintainability during its inaugural deployment. Continue reading
Brazilian Drone Logistics Startup Speedbird Aero Raises $2M
Brazilian drone logistics startup Speedbird Aero has successfully secured a $2 million funding round led by MSW Capital. This investment aims to unlock the sky’s potential for faster drone delivery services. Continue reading