Business
Elbit Systems Ltd. announced, further to its announcement of December 21, 2022, that it received a first purchase order worth approximately $180 million to supply the first three out of a maximum seven Watchkeeper X tactical Unmanned Aerial Systems (UAS) as part of a framework contract with the Romanian Ministry
Business
Guardian Agriculture, a developer of electric Vertical Take-Off and Landing (eVTOL) systems for commercial-scale sustainable farming – and the first and only eVTOL company with FAA approval to operate commercially nationwide – announced a Series A fundraise of $20 million. Led by Fall Line Capital, this round will support expansion of commercial
Business
Czech UAV manufacturer Primoco UAV SE executed a Memorandum of understanding with Airbus Defence and Space and its affiliate, Airbus DS Airborne Solutions, on cooperation in the area of unmanned aerial systems. Primoco UAV unmanned aerial vehicles have gained significant market share in recent years with continuous growth in the
Business
The French military has selected Nexter Arrowtech to develop new drones equipped with anti-tank warheads for the army, with a goal to demonstrate the new capability by the end of 2024, the company announced June 19. The French Defense Innovation Agency – an agency similar to the U.S. Defense Advanced
Business
Czech aerospace company PBS has signed a memorandum of understanding (MoU) with Ukraine’s Ivchenko-Progress to develop a new engine for unmanned vehicle applications. The AI-PBS-350 engine is designed for use in cruise missiles, anti-ship missiles, and other unmanned systems. It produces 764lb (3.4kN) of thrust and weighs just
Business
Skydweller Aero Inc., an international aerospace company headquartered in the U.S. developing unmanned solar powered aircraft for defense and commercial industries, announced its partnership with Volz Servos, a privately-held company developing electronic actuators for the aviation, aerospace, robotic, automotive, and medical industries. This partnership is focused on the development
Business
On Thursday June 15 India's Defence Minister Rajnath Singh led Defence Acquisition Council (DAC) cleared the mega deal to buy 30 MQ 9B Sea Guardian armed drones. However, the final nod to the acquiring would be taken by the Cabinet Committee on Security (CCS). Notably this development comes
Business
Kuwait has concluded a contract worth $367 million with Turkish defence firm Baykar to buy its TB2 drones through direct negotiations between the two governments, the Kuwaiti army said in a statement on Tuesday. The statement did not reveal how many drones would be delivered to Kuwait or when. According
Business
Israel Aerospace Industries and Elcom Systems Pvt signed an MoU to work collaboratively on MRO and upgrades of unmanned aerial vehicles. The MoU is a further commitment of IAI’s support for the Indian government’s ‘Aatmanirbhar Bharat’—Make in India vision. The MoU was signed in the presence of
Inspections
Percepto, the autonomous inspection and monitoring solution provider, announced a combined $67M Series C in equity and debt funding, led by Koch Disruptive Technologies (KDT), alongside new investors Zimmer Partners and one of the largest U.S. energy companies. The round includes participation from existing investors U.S. Venture Partners,
Business
Quantum-Systems Inc., a supplier of electric vertical take-off and landing (eVTOL) aerial intelligence solutions, announced its inclusion in the second set of projects to receive funding for the United States Department of Defense (DOD) pilot program to Accelerate the Procurement and Fielding of Innovative Technologies (APFIT). The announcement comes after
Business
Norwegian drone logistics company Aviant has launched its home delivery service, Kyte, now capable of delivering groceries, takeaway food, and non-prescription medicines to sparsely populated areas and holiday homes in Norway. Additionally, the company has landed an additional €1M of public funding from Innovation Norway to autonomously deliver vital prescription