Saudi Arabia has agreed to buy Turkish drones, one of several lucrative contracts President Recep Tayyip Erdogan secured for Turkey’s struggling economy as Ankara reaps the benefits of his recent diplomatic push to repair ties with Gulf Arab powers. Continue reading
Category Archives: Business News
General Atomics Gets $30M US Navy MQ-9 Reaper Maintenance Contract
General Atomics Aeronautical Systems Inc., Poway, California, is awarded a $30,191,431 cost-plus-fixed-fee modification (P00014) to a previously awarded contract (N0001921C0016). Continue reading
Kosovo Receives More Turkish Bayraktar TB2 Drones
Kosovo’s prime minister on Sunday announced that the Bayraktar TB2 unmanned aerial vehicles (UAVs) purchased from Turkey have arrived in the country. Continue reading
DroneShield Awarded $33M US Government Contract
DroneShield Ltd has announce that it has received a record $33 million order from a U.S. Government agency. The award consists of DroneShield equipment and multi-year services. Continue reading
Volz Servos and Thales to Develop First Ever EASA Certified UAS
As part of the development of the first EASA-certified UAS, German actuator manufacturer Volz Servos GmbH & Co. KG is to supply the certifiable actuators that will equip Thales’s UAS100 long-range drone. Continue reading
Norway Contributes 1,000 New Black Hornet Nanodrones to Ukraine
The Norwegian Ministry of Defense has announced the supply of 1000 Black Hornet nanodrones to Ukraine, which are highly valuable for conducting reconnaissance operations in urban combat scenarios. Continue reading
Verity’s Oversubscribed Series B Round Total Round Reaches $43M
Verity AG, a global autonomous indoor drone company, announced the successful completion of an additional $11M investment in its Series B funding round. The addition is an extension of a $32 million Series B announced back in March, bringing the round’s full raise up to $43 million. Continue reading
PRIMUS AERO Buys Fleet of PAL-V Liberty Vehicles
PRIMUS AERO is investing in the future of transportation with the purchase of a fleet of PAL-V Liberty vehicles, enhancing their operational excellence and minimizing the downtime of clients’ aircraft. Continue reading