Business
Doosan Mobility Innovation (DMI) and 42air signed a memorandum of understanding (MoU) at CES 2022 for a partnership to co-develop delivery services using hydrogen fuel cell unmanned aerial vehicles (UAV). This agreement formalizes their mutual commitment, and strengthens the future engagement of both parties in expanding hydrogen fuel cell drone
Business
General Atomics Aeronautical Systems Inc., Poway, California, has been awarded a $14,582,450 task order (FA8689-22-F-2800) to previously awarded, indefinite-delivery/indefinite-quantity contract FA8689-20-D-2020 for the France Block 30 Mobile Ground Control Station procurement. Work will be performed in Poway, California, and is expected to be completed by Nov. 3,
Business
Raytheon Technologies Corp. recently secured a contract to procure multi-spectral targeting systems (MTS) for the U.S. Navy Triton unmanned aircraft system and for the Royal Australian Air Force. The Naval Surface Warfare Center, Crane, IN awarded the deal. Details of the Deal Valued at $23.2 million, this contract
Military
Elbit Systems Ltd. announced that its Brazilian subsidiary, AEL Sistemas S.A., was awarded a contract to supply additional Hermes 900 UAS to the Brazilian Air Force (Força Aérea Brasileira). The contract is in an amount that is not material to Elbit Systems and will be performed over a period
Business
Zenith AeroTech, a developer of heavy-lift tethered aerial vehicles (TAVs), announced that it has formed a strategic partnership with VIRTEX Enterprises, an Austin-based electronics manufacturing service provider, to meet increasing customer demand for more TAVs in shorter time frames and for these platforms to be NDAA compliant. “This new partnership
Business
Kratos Defense & Security Solutions, Inc. announced that, following the Government announcement, Kratos Unmanned Aerial Systems (KUAS) has been awarded a $50,917,490 contract modification (P00007) to a previously awarded firm-fixed-price contract (N0001920C0075). This modification exercises an option to procure 65 BQM-177A Subsonic Aerial Targets, 50 for the Navy,
Business
Red Cat Holdings, Inc., a hardware-enabled software provider to the drone industry, has announced that its subsidiary Teal Drones has been awarded a firm-fixed-price, multiple award blanket purchase agreement (BPA) by the United States Customs and Border Protection as one of five contractors. The BPA has an estimated value of
C-UAS
Dedrone, a supplier of smart airspace security systems, announced that it has closed a $30.5 million Series C financing round led by Axon, the global leader in connected public safety technologies. Previous investors, including Aqton Partners, Menlo Ventures, Felicis Ventures, Target Partners, TempoCap and John Chambers, Chairman Emeritus of
Law Enforcement
Airobotics, an Israeli manufacturer of autonomous Unmanned Aerial Vehicles (UAVs) and aerial data systems, announced that it has signed an exclusive agreement with the American company ShotSpotter to sell and deploy its gunshot detection technology in Israel. Airobotics will offer an integrated solution for detecting, locating, and alerting police to
Business
MARSS has announced a collaboration with Thales for the delivery of system solutions to provide protection of critical infrastructures against multiple threats. This collaboration will focus on the integration of the MARSS’ NiDAR C2 security platform and Thales’ leading drone neutralization systems. The partnership will focus on taking proven and
Business
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on December 16th. identified eight Chinese technology firms pursuant to Executive Order (E.O.) 13959, as amended by E.O. 14032. These eight entities actively support the biometric surveillance and tracking of ethnic and religious minorities
Business
German drone delivery pioneer Wingcopter has secured its next investment. The capital influx comes from SYNERJET Corp, a leading business aviation specialist in Latin America, with operations in Brazil, Colombia, Ecuador, Chile, Panama, and Guatemala. The new funding follows recently announced investments from Japan-based DRONE FUND as well as UBER