Business
General Atomics Aeronautical Systems, Inc. was awarded a $94,808,020 cost-plus-fixed-fee contract for research, development, test, and evaluation of Autonomy and Artificial Intelligence for the Smart Sensor Intelligence, Surveillance, and Reconnaissance (ISR) prototype. The work was awarded by the Army Contracting Command on April 30, 2024, with an estimated
C-UAS
DroneShield Ltd has announced that it has received a repeat order of $3.8 million from a U.S. Government customer for a number of its C-UxS (Counter-UxS) systems. C-UxS refers to counterdrone systems targeting multi-domain aerial, ground and maritime surface drones. The delivery, involving multiple DroneShield product lines, is
First Responders
Aerodome, a supplier of Drone-As-First-Responder (DFR) technology, announced that the company has raised $21.5 million in Series A funding to continue building DFR solutions and growing its engineering and go-to-market teams. CRV led the round with participation from Andreessen Horowitz (a16z), Karman Ventures, Immad Akhund (CEO, Mercury), and Ford
Business
Drone Delivery Canada Corp. and Volatus Aerospace Corp. have announced that they have entered into a business combination agreement to combine the companies in a merger of equals transaction, with the combined company to continue under the name 'Volatus Aerospace Corp.' and, subject to approval of the TSX
Business
Aerit, a Swedish company in the field of drone technology for last mile deliveries, including food, parcels, medicines, and other goods, has announced that it has filed for bankruptcy. Nils Åberg, Advokatfirman Carler, has been appointed administrator. The company, which has developed innovative proprietary drone delivery hardware and software, has
Business
The U.S. Army Space and Missile Defense Command (SMDC) has awarded BlueHalo a $95.4M contract for advanced Directed Energy prototype development as part of the Laser technology Research Development and Optimization (LARDO) program through the Aviation & Missile Technology Consortium . This contract enables BlueHalo’s continued work to
Business
Ondas Holdings Inc., a provider of private industrial wireless networks and commercial drone and automated data solutions, announced that its wholly owned subsidiary American Robotics Inc. will host the grand opening of its Maryland headquarters with an event being held on June 12th - 13th. During this event, American Robotics
C-UAS
The European Commission last week announced over €1 billion in funding for 54 additional defence projects through the European Defence Fund, bringing the total EU budgetary investments to more than €3 billion ($3.3BN) in collaborative defence R&D projects since the start of the EDF Regulation in May
Business
Turkish aviation firm Baykar delivered 24 Bayraktar TB2 unmanned combat aerial vehicles (UCAVs) to Poland this month, the Secretariat of Defense Industries (SSB) said Friday. The first batch deliveries were made in October 2022, followed by supplies in April and October 2023, and lastly in May this year. A handover
VTOL
Naval Air Systems Command (NAVAIR) awarded Airbus U.S. Space & Defense a Phase I Other Transactional Authority Agreement, through Naval Aviation Systems Consortium, in support of the United States Marine Corps Aerial Logistics Connector. The award is part of a Middle Tier of Acquisition (MTA) Rapid Prototyping Program which
Business
Echodyne, the radar platform company, has announced that its EchoFlight radar is integrated into the American Aerospace Technologies, Inc. (AATI) AiRanger aircraft, which obtained a waiver from the Federal Aviation Administration (FAA) last week for commercial Beyond Visual Line-of-Sight (BVLOS) flight operations. The waiver permits AATI to use the onboard
Business
Aerial intelligence company SwissDrones has announced the closing of its Series B equity growth funding round, securing over USD 10 million from a consortium of investors including aviation investor DiamondStream Partners, Chevron Technology Ventures, Ingleside Investors, and a continued commitment from existing shareholders, marking another significant milestone in the Company’