Business
Manna announces a $25M Series A led by Draper Esprit, with participation from Team Eurpope, DST Global, and with participation from existing investors Dynamo Ventures, Atlantic Bridge, and Elkstone. Manna designs, builds and operates unmanned aerial vehicles (UAVs) which perform high-speed deliveries of cargo up to 3kgs (6.5lbs) in
Military
The US State Department has made a determination approving a possible Foreign Military Sale to the Government of Australia of MQ-9B Remotely Piloted Aircraft and related equipment for an estimated cost of $1.651 billion. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale
Military
AeroVironment, Inc. announced it was awarded a cost-plus-fixed-fee contract on March 31, 2021 by the United States Special Operations Command (USSOCOM) for $26,120,810 with $7,159,036 funded upon receipt. The contract includes delivery and integration of Switchblade 600 tactical missile systems into specialized maritime platforms, scheduled to
Military
The U.S. State Department on Friday approved a $1.6 billion foreign military sale of MQ-9B drones for Australia. The package includes up to 12 MQ-9B aircraft made by General Atomics, as well as Honeywell engines, ground control stations, training simulators, and various satellite terminals and communications equipment necessary
Business
Robotic Skies, Inc, the first and only maintenance marketplace for high-end commercial and industrial drones, announced an investment from Japan-based DRONE FUND to support continued growth and services development. The DRONE FUND III Investment Limited Partnership, managed by Kotaro Chiba and Soki Ohmae in Tokyo, Japan, invested in Robotic Skies
Business
Plymouth Rock Technologies Inc. has announced that it has signed a binding LOI to acquire, in whole, Tetra Drones Limited , a developer of custom-made, high-performance and niche Unmanned Aircraft Systems (UAS). The proposed transaction will take the form of a corporate combination whereby PRT will acquire all of the then
Commercial
Volatus Aerospace, an integrated provider of unmanned aircraft and drone services, will begin the manufacture of up to 1,200 units of the innovative FIXAR VTOL drone per year at its new facility at the Lake Simcoe Regional Airport in Oro, Ontario. Volatus’ contribution to the venture, including in-Canada production
C-UAS
South Korea said that it will spend 42 billion won ($37.6 million) by 2025 to develop a response system against illegal drones amid growing security threats from the fast-developing technology. A consortium of 23 companies and research institutes — which includes the Korea Atomic Energy Research Institute, the Korea Aerospace
Business
MightyFly, an autonomous air cargo carrier, announced that it has closed $5.1 million in seed funding. The round includes investments from 500 Startups, At One Ventures, Global Founders Capital, Graph Ventures, and Halogen Ventures. The funding will be used to expand hiring, scale-up MightyFly's fleet, and build
Business
AeroVironment, Inc. announced that the U.S. Army has exercised an option on its Lethal Miniature Aerial Missile Systems (LMAMS) contract for additional Switchblade 300 tactical missile systems for the Army and for export to an allied nation. The $44,961,751 contract option increases the total value of the
Military
Morocco’s Royal Armed Forces (FAR) signed an acquisition contract of 13 Bayraktar TB2 unmanned combat aerial vehicles (UCAV) with Turkey to the tune of MAD 626 million ($70 million). Under the agreement, Morocco will receive four driving ground stations, a configurable simulation system for driving drones, and a digital
Business
SF Express, China’s leading integrated logistics provider, intends to expand its delivery network fleet through the deployment of large cargo unmanned aerial vehicles (UAVs) with vertical take-off and landing (VTOL) capability. Together with its Munich based subsidiary, Amazilia Aerospace, SF Express has partnered with Pipistrel, a Slovenian aerospace company,