Business
Latvian national airline airBaltic and LMT have signed an agreement for collaboration within the drone industry. The agreement foresees a joined development of various drone solutions overseen by general aviation and the development of LMT’s learning program for drone pilots. Both companies will also collaborate on testing the mobile
Military
AeroVironment, Inc. announced that the United States Army exercised the second of three options under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year small UAS contract on February 25, 2021. The value of the contract option is $20,979,905 and includes avionics and
Business
Urban air mobility (UAM) company Volocopter announced the signing of its Series D funding round, raising €200 million in additional capital. Cumulatively, Volocopter has raised €322 million. The funding will be used to solidify Volocopter’s leading position in the UAM market by bringing the VoloCity, the battery-powered air
C-UAS
Toshiba Corporation announced that Toshiba Infrastructure Systems & Solutions Corporation, the Toshiba Group company specializing in the global infrastructure business (hereinafter Toshiba), has entered into a strategic business alliance with Fortem Technologies, Inc. (hereafter Fortem), and invested 15 million USD in the company. Fortem is a supplier of counter-drone
Military
The Australian Government is boosting the Royal Australian Navy’s intelligence capability through Defence’s Maritime Unmanned Aircraft System Continuous Development Program. The Program has reached a new milestone following the selection of five respondents to progress to the next phase of the procurement process. The Acting Minister for Defence,
Military
India plans to ink a major defence deal with the US to procure 30 armed drones worth $3 billion (approximately Rs 22,000 crore) to enhance military capabilities, sources said. As per plans, India will be acquiring 30 MQ-9 Reaper -- 10 each for the three services. The approval to
C-UAS
Dronehub – a provider of drone-in-a-box solutions – and RCS Engineering – a provider of telecommunication solutions related to security – integrate their technologies. They will create an innovative monitoring and security system based on breach detectors that trigger an autonomous control raid of the drone. The solution will improve the
Transport
Flytrex, a supplier of on-demand drone delivery for food and retail, announced the closing of an $8 million financing led by existing investors Benhamou Global Ventures (BGV) and btov. The financing complements a recently awarded grant from the Israel Innovation Authority for a total of $9.3 million. The
Business
Textron Systems Corporation, a Textron Inc. company, announced that it received a contract for up to $607 million from the U.S. Army to provide contract logistics support, field services, and engineering support along with the retrofit of the existing Shadow Block II Tactical Unmanned Aircraft System (TUAS) to the
Business
Northrop Grumman Systems Corp., San Diego, California, is awarded an $81,992,887 cost-plus-fixed-fee contract. This contract provides for sustainment, engineering, logistics, test, mission control, and operator training systems support for MQ-4C Triton unmanned aircraft systems (UAS). This effort also includes procurement of field service representatives
Business
Aerovel, manufacturer of Flexrotor, an advanced Group 2 vertical take-off and landing (VTOL) unmanned aircraft, announced that it has raised $2.5 million in Series B capital. The investment is from undisclosed leaders in aviation. Aerovel is using the funds to accelerate growth, increase production capacity and hire additional
Weapons Systems / Lasers
AeroViroment Inc., Simi Valley, California, was awarded a $44,961,750 modification (P00007) to contract W31P4Q-20-C-0024 for the Switchblade Weapon System. Work will be performed in Simi Valley, California, with an estimated completion date of April 29, 2023. Fiscal 2010 Foreign Military Sales (United Kingdom) funds; and