Business
One of Russia’s largest drone manufacturers, AO Kronstadt, is on the verge of bankruptcy after months of financial turmoil and mounting lawsuits, Russian media reported. According to CNews, the company has faced dozens of debt claims in recent months, with more than 600 million rubles ($7 million) sought since
Business
* Heven, has announced a strategic collaboration agreement with NextTech Solutions (NTS), a systems integrator and federal technology provider based in the United States. Under the agreement, Heven will serve as the primary unmanned aerial systems (UAS) partner for NTS in Group II and Group III drone platforms, supporting a broad
Business
* Epirus, a high-growth technology company, has announced the opening of a new office within Lawton Fort Sill’s Fires Innovation Science and Technology Accelerator (FISTA) Innovation Park, a leading center for technological advancement and home to the Joint C-sUAS University based in Lawton, Oklahoma. In July 2024, Epirus also commemorated
Business
German unmanned weapons systems startup Stark has raised $62 million in fresh funding led by Sequoia Capital, boosting its valuation to $500 million. The latest round has drawn interest from 8VC, Thiel Capital, the NATO Innovation Fund, In-Q-Tel (the CIA’s venture arm), Project A, and Döpfner Capital. The latest
AI
Sikorsky, a Lockheed Martin company has announced a new U.S. Army contract that will fund Black Hawk modernization engineering efforts. The initial $43 million contract award will focus on foundational capabilities for modernization: enhancement of the airframe and inclusion of a digital backbone capability to allow for rapid unmanned
VTOL
* AeroVironment, Inc. has announced the successful delivery of its Group 2 P550 small Unmanned Aircraft Systems (sUAS) to the U.S. Army as part of the Long-Range Reconnaissance (LRR) program to support training and operations for Transformation in Contact (TiC) brigades. This initial delivery includes multiple P550 systems along with
Business
The Norwegian Defence Materiel Agency has signed a contract with a British company, Operational Solutions Ltd. (OSL), for the purchase of new anti-drone systems. The systems being acquired are known as anti-drone systems, also called "Counter Unmanned Aerial Systems," or C-UAS, which will protect bases as well as
Business
* ParaZero Technologies Ltd. has announced a significant development with a new purchase order for its advanced Counter-Unmanned Aerial Systems (C-UAS) solution from a reputable defense agency. This achievement reflects ParaZero’s strategic expansion into the defense sector, particularly within the rapidly evolving counter-drone marketplace. Currently, as the prevalence of drones
Business
Fiber laser specialist IPG Photonics has posted sales of $251 million for the second quarter of the year, well above the figure of $225 million that company executives had forecast back in May. CEO Mark Gitin attributed that to the combination of a “modest recovery” in the firm’s key
AI
* Auterion, the international defence software company and provider of AI-powered drone software solutions, has announced a landmark commitment to deliver 33,000 artificial intelligence-driven drone 'strike kits' to Ukraine. The initiative, backed by a $50 million Pentagon contract, represents a major step forward in supporting Ukraine’s defense
C-UAS
German arms manufacturer Rheinmetall is poised to secure up to $9 billion in a massive contract from the German Armed Forces for its Skyranger 30 anti-aircraft gun system, with deliveries expected by 2035. The announcement, made by Rheinmetall CEO Armin Papperger during a recent earnings call, signals a significant investment
Weapons Systems / Lasers
Raytheon’s latest Air-to-Air Stinger launchers show how a 1980s shoulder-fired missile has evolved into a potent aircraft weapon. Integrated with helicopters and drones, the system adds new targeting, seeker upgrades, and all-weather capability, keeping the Stinger relevant in modern aerial combat and counter-UAS missions. When the FIM-92 Stinger missile