C-UAS
South Korean aerospace and defense maker Hanwha Systems Co. is set to establish a military system to cope with small unmanned aerial vehicles (UAVs) and drones from the North while planning to develop various models of the system for exports. The unit of the country’s defense-to-chemical conglomerate Hanwha Group
Business
Northrop Grumman Systems Corp., San Diego, California, is awarded a $14,305,018 modification (P00010) to a previously awarded cost-plus-fixed-fee contract (N0001923C0002). This modification exercises options and increases the ceiling to provide engineering support, cyber security activities and capabilities, integrated logistics support, material and training services support, software sustainment, and
Business
AeroVironment Inc., Simi Valley, California, was awarded a $32,066,339 modification (P00013) to contract W58RGZ-23-C-0007 for additional Puma units and associated training support services. Work will be performed in Mechanicsburg, Pennsylvania, with an estimated completion date of Sept. 30, 2024. Fiscal 2024 Foreign Military Sales funds in the amount
Business
Defense tech startup Shield AI has expanded its latest funding round with another $300 million in equity and debt, bringing its total Series F to $500 million, TechCrunch has exclusively learned. This total amount reflects $200 million in equity closed in November, $100 million in new equity raised at the
Loitering Munitions - One Way Effector (OWE)
AeroVironment Inc., Simi Valley, California, was awarded a $65,402,691 modification (P00036) to contract W31P4Q-20-C-0024 for the Switchblade weapon system. Work will be performed in Simi Valley, California, with an estimated completion date of April 30, 2024. Fiscal 2024 Foreign Military Sales funds in the amount of $65,402,
Business
The U.S. Army plans to substantially increase its arsenal of Coyote counter-drone interceptors, as well as associated launchers and radars, in the next five years or so. The service says it wants to buy 6,000 jet-powered Block 2 variants, which carry an explosive warhead to destroy their target,
UAM/UTM
PrecisionHawk, a Raleigh, North Carolina-based developer of commercial drones, is shutting down. In mid-December 2023, the company voluntarily filed for Chapter 7 bankruptcy. Filing for Chapter 7 bankruptcy indicates a company no longer has plans to continue operating. According to the filing, PrecisionHawk has about $17 million of debt and
AI
The U.S. Department of Defense and the Japanese Ministry of Defense signed a project arrangement for joint research on Overwhelming Response through Collaborative Autonomy, Dec. 22, 2023. The project’s objective is to revolutionize airborne combat by merging state-of-the-art artificial intelligence and machine learning with advanced unmanned air vehicles
Business
Nordic Unmanned’s Flight Services business has come to an agreement with Schiebel Aircraft GmbH to settle outstanding payables in a non-cash transaction where Schiebel buys back one CAMCOPTER asset (Air Vehicle plus spare-parts). The delivery of the equipment will be executed in Q1 2024. The value of the transaction
UAM/UTM
ANRA Technologies, a global supplier of uncrewed vehicle mission management and operations solutions, and NAVOS Air, an Instrument Flight Procedure Products and Services company, have announced a collaboration to incorporate flightpath procedures into ANRA’s Vertiport Management Service for Vertical Takeoff and Landing (VTOL) aircraft operations for Urban Air Mobility.
Business
The Government of Canada has signed a contract to purchase a fleet of MQ-9B SkyGuardian Remotely Piloted Aircraft Systems (RPAS) from General Atomics Aeronautical Systems, Inc.. The order includes the associated Certified Ground Control Stations and support equipment from GA-ASI. The first delivery is expected in 2028. The SkyGuardian RPAS
Business
Silent Arrow announced it has been selected by AFWERX for a SBIR contract focused on the Silent Arrow CLS-300 ("Contested Logistics System, 300 Nautical Miles") to address one of the most pressing challenges in the Department of the Air Force (DAF). The CLS-300 is based on the commercially