Business
Adani Enterprises Ltd and Israel's Elbit Systems India Ltd have formed a joint venture company, Adani-ElbitAdvanced Systems India Ltd (AEASIL), to manufactureunmanned aerial vehicles in India. While Adani group will own 51 percent stake in the JV, Israeli firm will hold the remaining stake.The formation of the
Business
The global market for drone services is valued at $127 Billion by 2020 according to PricewaterhouseCoopers. Sales of consumer and prosumer drones are soaring and the Federal Aviation Authority (FAA) forecasts there will be more than 1.3 million licensed drone pilots by 2020 in the U.S. alone. Skytango
Military
AAI Corporation was awarded a $206,561,704 cost-plus-fixed-fee foreign military sales (Australia) contract for contractor logistics sustainment services for Shadow RQ-7B unmanned aerial systems. Bids were solicited via the Internet with one received. Work will be performed in Hunt Valley, Maryland, with an estimated completion date of Oct. 31,
Military
AeroVironment, Inc. has announced the receipt of a contract from the Netherlands Ministry of Defence on October 14 for small UAS, upgrades and support services totaling $10,321,375. Delivery is anticipated within six months. The contract encompasses AeroVironment’s entire family of fixed wing small UAS and includes Digital
Military
General Atomics Aeronautical Systems, Poway, California was awarded a $310,000,000 cost-plus-incentive-fee contract for logistics support of the MQ-1C Gray Eagle unmanned aircraft system sustainment operations. Bids were solicited on the Internet with one received. Work will be performed in Poway, California, with an estimated completion date of Oct.
Business
The US Army intends to award North Eastern Aeronautical Company (NEANY) Inc. a USD 49.2 Million sole-source contract to modernise and merge the capabilities of the company's Arrow unmanned aircraft system (UAS) with the service's lighter-than-air (LTA) Persistent Surveillance System (PSS). The Justification and Approval
Business
Hangar Technology, an Austin, Texas startup, has raised $6.5 million for technology that lets corporations get all the business intelligence they want out of drones, without having to pilot them, or crunch the billions of data points that they generate. A firm that was early to invest in drone
Business
Drone startups hoping to snag venture-capital funding may have hit some turbulence. Financing for drone companies fell 59% year-over-year in the third quarter, and 48% from the previous quarter. The drone industry’s numbers were starker than for venture-capital funding overall, in which funding dollars fell 39% from the same
VTOL
Airbus Helicopters and maritime systems specialist DCNS have joined forces to offer the former’s VSR700 unmanned rotorcraft – derived from theHélicoptères Guimbal Cabri G2 – for a French navy tactical requirement.The teaming agreement was signed in mid-October, and the two companies will now offer the VSR700 for the navy’s
Business
Estonian defense contractor Threod Systems has won internal security tenders in Greece, Cyprus and Kazakhstan, and plans to start offering its products in Ukraine and Indonesia in the future, according to Eesti Paevaleht reports writes LETA/BNS. Unmanned aerial vehicles of Threod Systems will mainly be used by the three
Business
Drone Aviation Holding Corp, a manufacturer of tethered drones and lighter-than-air aerostats, has announced that it has been awarded a contract to supply its WATT electric tethered drones to a U.S. Department of Defense (DoD) customer. The contract, valued at approximately $400,000, includes WATT electric tethered drones and
Business
Textron Systems has at least one potential customer for a vertical takeoff and landing (VTOL) version of its Aerosonde small unmanned aircraft system. The Aerosonde Hybrid Quadrotor (HQ) adds four rotors to what is otherwise a catapult-launched fixed-wing aircraft. “Our customer has asked us for an estimate in terms of