Business
The preliminary contract for the transfer of the business complexes of Piaggio Aero Industries and Piaggio Aviation – the two companies operating under the Piaggio Aerospace brand - to the Turkish Company Baykar has been signed. The Italian Ministry of Enterprises and Made in Italy authorized the transaction on December 27,
Business
* Shield AI, the defense technology company building an AI-powered autonomy software platform and tools for the world, announced that its V-BAT unmanned aircraft system (UAS) has been selected by the Japan Maritime Self-Defense Force (JMSDF) as the country’s first-ever maritime-based intelligence, surveillance, and reconnaissance (ISR) platform. V-BAT will provide
Business
* Kitron has entered into a significant long-term contract for the production and services of advanced optical assemblies tailored for the Unmanned Aerial Vehicle (UAV) and drone market. The contract is expected to generate revenues exceeding EUR 30 million in 2025. Production will be carried out at Kitron's facility
Business
The U.S. Air Force’s XQ-67A drone is set to receive modifications and upgrades to demonstrate its ability to perform certain missions as part of a program called Demon Ape. Originally developed as a ‘sensor truck’ for the once-secretive Off-Board Sensing Station (OBSS) program, the stealthy XQ-67A is now
Business
* Packet Digital announced that it has been awarded an additional contract by the U.S. Navy to continue its development of unmanned aircraft systems (UAS) smart batteries, chargers, and power systems. The contract was awarded as a follow-up to the $8.5 million contract Packet Digital received in December 2022
Business
* Red Cat Holdings, Inc., a drone technology company integrating robotic hardware and software for military, government, and commercial operations, has announced that it has secured new orders for its Edge 130 drone from the Army National Guard and another U.S. Government Agency (OGA), totaling $518,000. FlightWave, a leading
Business
* Kratos Defense & Security Solutions, Inc., a Technology Company in Defense, National Security and Global Markets, has announced a $34,856,449 award modification to a previously awarded cost-plus-fixed-fee contract from the U.S. Marine Corps. The expanded scope is to support the XQ-58A Unmanned Aerial Systems mission systems and
Business
* Schiebel has been awarded another multi-year service contract for the CAMCOPTER S-100 Unmanned Air System (UAS) with the European Maritime Safety Agency (EMSA). The contract is for service provision with Remotely Piloted Aircraft Services (RPAS) for supporting EU member states in emission monitoring and maritime surveillance operations. For the third
Business
* Argentech Solutions, a provider of advanced drone services and staffing solutions, has announced a strategic partnership with S-PLANE, a global supplier of autonomous aviation and avionics systems. This partnership will combine the strengths of both companies to deliver innovative and efficient solutions for a variety of operations including advanced ISR
Propulsion
* HevenDrones (Heven), the market leader in hydrogen-powered drones, has announced a partnership with SMARTSHOOTER, a global innovator in fire control systems that significantly increase hit probability against static and moving ground and aerial targets. The collaboration integrates SMARTSHOOTER's SMASH Dragon platform with Heven's H100 and Urban
Business
* Redwire Corporation, a supplier of space infrastructure for the next generation space economy, has announced that it has signed a definitive agreement to acquire Edge Autonomy, a provider of field-proven uncrewed airborne system technology. Under the terms of the merger agreement, Redwire will acquire Edge Autonomy for $925 million on
Business
* Silvus Technologies, Inc., a leader in advanced wireless communications systems, has announced a new resale partnership with Safeware, a leading safety solutions provider. With StreamCaster MANET radios now available through Safeware, first responders, law enforcement, and disaster relief agencies across the nation can establish robust, decentralized communication networks, improving coordination