Business News

Auto Added by WPeMatico

IMSAR & TEKEVER Partner to Enhance UAS with Advanced SAR Technology

– IMSAR, a U.S.-based developer of Synthetic Aperture Radar (SAR), has signed a two-year agreement with TEKEVER to integrate advanced SAR technology into TEKEVER’s drone platforms. This partnership focuses on enhancing intelligence, surveillance, and reconnaissance (ISR) capabilities by combining TEKEVER’s UAV expertise with IMSAR’s high-performance radar systems, creating a more powerful and efficient airborne monitoring […]

Rheinmetall Delivers Verification Model of Boxer-Based Skyranger 30 System to Bundeswehr

As scheduled, Rheinmetall delivered the first Boxer Skyranger 30 cannon-based air defence vehicle to the Bundeswehr at the end of January 2025. This system is the so-called verification model, which will be used for the Bundeswehr’s required approval. After the user has been instructed in how to operate the vehicle, the admission trial will begin […]

AeroVironment Gets $181M Contract from Denmark for JUMP 20 Reconnaissance Drones

– AeroVironment (AV), through its wholly owned subsidiary Arcturus UAV, has been awarded a contract by the Danish Defence Acquisition and Logistics Organisation (DALO) with a contract ceiling value of $181 million to deliver the JUMP 20 medium uncrewed aircraft system (UAS) to the Danish Armed Forces. This 10-year program of record will equip the […]

Tata Elxsi and Garuda Aerospace Sign MoU at Aero India 2025 to Establish Indian UAV Centre of Excellence

– Tata Elxsi, a global supplier of design and technology services, and Garuda Aerospace, a pioneering UAV manufacturer, have signed a Memorandum of Understanding at Aero India 2025, Asia’s biggest Airshow, being held from February 10th –14th. This partnership establishes a dedicated UAV design, engineering, and certification center to develop indigenous drone technologies specifically for […]

Indian Navy Selects NewSpace for Unmanned Wingman

In what is easily the most significant deal between the Indian military and a local startup company, the Indian Navy has selected Bengaluru-based startup NewSpace Research & Technologies (NRT) to develop its Naval Collaborative Combat Air Vehicle (N-CCAV), an unmanned aircraft that will operate collaboratively with the navy’s MiG-29K and future Rafale-M fighter aircraft. The N-CCAV is […]

Hidden Level Raises $100M Across Series B & C

– Hidden Level, a supplier of passive radar and radio frequency sensing technology for detecting and precisely locating drones and other threats around you, has announced $65 million in Series C funding led by DFJ Growth with participation from Booz Allen Ventures, Revolution Growth, Costanoa Ventures, Washington Harbour Partners, Veteran Ventures, Founders Circle Capital, and […]

Baykar Achieved $1.8 BN in Exports in 2024

Turkey’s Baykar achieved $1.8 billion in exports in 2024, with 90% of its total revenue coming from international sales—yet another milestone in its continued success. Continued Export Success Having self-financed all its projects since launching its UAV R&D program in 2003, Baykar has generated 83% of its total revenue from exports to date. In 2023, […]

Unusual Machines to Acquire Aloft Technologies for $14.5M

– Unusual Machines has announced the signing of a binding agreement to acquire of Aloft Technologies, Inc., an FAA-approved provider of unmanned aerial system (UAS) services to enterprise, public safety, and government customers. The acquisition is almost all in stock, valued at $14.5M. The proposed acquisition brings together companies that share commitment to strengthening the […]

French Army Orders 24 State-of-the-Art Serval LAD Counter-Aerial Drone 4×4 Armoured Vehicles.

To significantly enhance its ground forces’ air defense capabilities, the French Armed Forces Directorate General of Armaments (DGA) announced the acquisition of 24 Serval LAD (Anti-Drone) armoured vehicles on January 28, 2025. This new order is part of France’s expanding investment in counter-drone technologies, driven by lessons learned from recent conflicts, especially the ongoing war […]

Nordic Unmanned Files for Bankruptcy

The board of directors of Nordic Unmanned ASA on 3. February 2025, resolved to file a petition for bankruptcy at Sør-Rogaland tingrett (Sør-Rogaland District Court). The decision is based on the Company facing an immediate lack of liquidity, estimated to be in the amount of MEUR 4, mainly based on loss of bids assumed to […]