Business
FLIR Systems, Inc. announced it has won an additional $15.4 million contract to deliver its FLIR Black Hornet 3 Personal Reconnaissance Systems (PRS) to the U.S. Army. The advanced nano-unmanned aerial vehicles (UAVs) are being used to augment squad and small unit-level surveillance and reconnaissance capabilities as part
Business
AeroVironment, Inc. announced that it was granted clearance from the German government and completed the previously announced acquisition of Telerob Gesellschaft für Fernhantierungstechnik mbH (Telerob), in a $45.4 million (€37.5 million) cash transaction and the pay-off of approximately $9.4 million (€7.8 million) in Telerob’s debt
Military
Northrop Grumman Defense Services, Sierra Vista, Arizona, has been awarded a $58,546,016 cost-plus-fixed-fee, firm-fixed-price contract for the Japan Global Hawk program. This contract provides for contractor logistics support services to include, but not limited to, in-country personnel, mission planning, contractor field teams, contractor inventory control, reach back support
Military
AeroVironment Inc., Simi Valley, California, was awarded a $21,779,908 cost-plus-fixed-fee completion contract for a Defense Advanced Research Projects Agency research project. Work will be performed in Simi Valley, California (74%); and Palo Alto, California (26%), with an expected completion date of October 2023. Fiscal 2020 research, development, test
Business
Astro Aerospace Ltd., a developer of eVTOL aerial vehicles and drones, and Horizon Aircraft Inc., a developer of advanced eVTOLs, have entered into an agreement under which Astro will acquire privately held Horizon for five million common shares of Astro stock, the material terms of which are disclosed in the
Business
AeroVironment, Inc. announced that it received a $13,010,560 cost-plus-fixed-fee contract order on March 24, 2021 from the U.S. Army for Switchblade 300 tactical missile systems contractor logistics support. The contract has a total potential value of $40,852,467, for which funding was authorized via a DoD-approved
Transport
Manna announces a $25M Series A led by Draper Esprit, with participation from Team Eurpope, DST Global, and with participation from existing investors Dynamo Ventures, Atlantic Bridge, and Elkstone. Manna designs, builds and operates unmanned aerial vehicles (UAVs) which perform high-speed deliveries of cargo up to 3kgs (6.5lbs) in
Business
The US State Department has made a determination approving a possible Foreign Military Sale to the Government of Australia of MQ-9B Remotely Piloted Aircraft and related equipment for an estimated cost of $1.651 billion. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale
Military
AeroVironment, Inc. announced it was awarded a cost-plus-fixed-fee contract on March 31, 2021 by the United States Special Operations Command (USSOCOM) for $26,120,810 with $7,159,036 funded upon receipt. The contract includes delivery and integration of Switchblade 600 tactical missile systems into specialized maritime platforms, scheduled to
Business
The U.S. State Department on Friday approved a $1.6 billion foreign military sale of MQ-9B drones for Australia. The package includes up to 12 MQ-9B aircraft made by General Atomics, as well as Honeywell engines, ground control stations, training simulators, and various satellite terminals and communications equipment necessary
Commercial
Robotic Skies, Inc, the first and only maintenance marketplace for high-end commercial and industrial drones, announced an investment from Japan-based DRONE FUND to support continued growth and services development. The DRONE FUND III Investment Limited Partnership, managed by Kotaro Chiba and Soki Ohmae in Tokyo, Japan, invested in Robotic Skies
Business
Plymouth Rock Technologies Inc. has announced that it has signed a binding LOI to acquire, in whole, Tetra Drones Limited , a developer of custom-made, high-performance and niche Unmanned Aircraft Systems (UAS). The proposed transaction will take the form of a corporate combination whereby PRT will acquire all of the then