Business
Nordic Unmanned has teamed up with Textron Systems Corporation, a Textron Inc. company, to enter the fixed wing segment of the European drone market. The first commercial opportunity for the team is already targeted, as Nordic Unmanned is competing for a contract with the European Maritime Safety Agency (EMSA) with
Business
Textron is formalizing its presence in the electric aircraft market with the formation of a new division called eAviation. The company confirmed that long-time senior executive Rob Scholl has been named to head the unit in a senior v-p role that reports directly to Textron chairman and CEO
Business
Skycatch has announced a $25 million raise, led by ADB Ventures and Wavemaker. Founded in 2013, the Bay Area-based company provides centimeter-accurate 3D scanning services, primarily for construction sites and mining operations. The service has already been rolled out in a number of different locations around the world
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
Business
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
Business
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
Business
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,
Business
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
Business
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
Business
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