Business
According to a study by the Center for Strategic and International Studies (CSIS), the U.S. Air Force “Remotely Piloted Aircraft” (RPA) or “Unmanned Aircraft Systems” (UAS), represent a low cost, high mission capable asset when compared to manned airplanes. The UAS reduced operation and maintenance costs remain a key
Propulsion
LiquidPiston, Inc., a developer of advanced rotary internal combustion engines, has announced the adaptation of its X-Engine technology for the United States Air Force to use in unmanned aerial systems (UAS) as well as “orbs” - urban air mobility (UAM) vehicles designed to carry people and cargo around. The X-Engine,
Business
Nordic Unmanned, a Norway-based provider of unmanned systems and services, announced that it has carried out a private placement of NOK 100 million to pursue acquisitions. “While we see strong organic growth ahead, we also see tremendous opportunities to add value through acquisitions. We have mapped the industry in Europe,
Business
Raytheon Co., Tucson, Arizona, has been awarded a $32,853,210 cost-plus-fixed-fee contract for the Autonomous Swarm/Strike – Loitering Munitions. This contract provides for work on the Coyote Block 3 (CB3) Autonomous Strike—a rapid capability effort to achieve operational launch capability from unmanned surface vessels (USVs) and an unmanned
Weapons Systems / Lasers
Korea Aerospace Industries (KAI) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understandings (MOU) for collaboration in which the companies will offer the Republic of Korea (ROK) military forces with unmanned Loitering Munitions systems. As part of the MOU, KAI and IAI are aiming to expand their long
Business
US drone manufacturer Skydio announced that it has raised $170 million in Series D funding led by Andreessen Horowitz’s Growth Fund. This brings total funding raised to over $340 million with a current valuation of over $1 billion. Andreessen Horowitz, which also led the Series A, is joined in
Military
Elbit Systems Ltd. announced that it was awarded an approximately $300 million contract by a country in Asia to provide Hermes 900 Unmanned Aircraft Systems . The contract will be performed over a period of five years. Under the contract, the Company will provide its Hermes 900 UAS and associated sub-systems,
Business
Back in November 2020, China North Industries Group Corporation Limited (NORINCO) announced that its Golden Eagle CR500 vertical take-off and landing UAV had completed final inspections and been cleared for delivery to an undisclosed costumer. An anonymous source at IDEX revealed that the UAE army plans to buy a bunch
Business
The process for the sale of the business complexes of Piaggio Aero Industries and Piaggio Aviation – the two companies in extraordinary receivership operating under the Piaggio Aerospace brand - enters its final stage. After the due diligence phase and after having received the relevant authorization from the Italian Ministry for
Business
AeroVironment, Inc. announced that it has acquired Progeny Systems Corporation’s Intelligent Systems Group (ISG), a leader in the development of artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies and provider of related services to United States government customers. The acquisition will significantly accelerate AeroVironment’s development of
Military
General Atomics Aeronautical Systems, Inc. (GA-ASI) and GKN Aerospace have signed a contract for GKN Aerospace to manufacture the advanced composite V-tails for GA-ASI’s new MQ-9B SkyGuardian Remotely Piloted Aircraft System (RPAS) from their Cowes facility in the United Kingdom. SkyGuardian is the baseline system of the UK Royal
Business
Flint Hills Solutions and UAV Navigation have announced a Strategic Partnership to work together in North America to integrate their joint technologies onto the FH-900 series fully autonomous Vertical Takeoff and Landing (VTOL) Unmanned Aerial System (UAS) Helicopter. The combined capabilities of the two companies represents a significant step in