General Atomics Aeronautical Systems, Inc. was awarded a $94,808,020 cost-plus-fixed-fee contract for research, development, test, and evaluation of Autonomy and Artificial Intelligence for the Smart Sensor Intelligence, Surveillance, and Reconnaissance (ISR) prototype. The work was awarded by the Army Contracting Command on April 30, 2024, with an estimated completion date of March 31, 2026. The […]
Business News
Drone-As-First-Responder Firm Aerodome Raises $21.5M in Series A Funding
Aerodome, a supplier of Drone-As-First-Responder (DFR) technology, announced that the company has raised $21.5 million in Series A funding to continue building DFR solutions and growing its engineering and go-to-market teams. CRV led the round with participation from Andreessen Horowitz (a16z), Karman Ventures, Immad Akhund (CEO, Mercury), and Ford Street Ventures. The company raised its seed round in […]
Aerit Announces Bankruptcy and Upcoming Sale of Assets
Aerit, a Swedish company in the field of drone technology for last mile deliveries, including food, parcels, medicines, and other goods, has announced that it has filed for bankruptcy. Nils Åberg, Advokatfirman Carler, has been appointed administrator. The company, which has developed innovative proprietary drone delivery hardware and software, has been unable to secure the […]
American Robotics Launches Maryland Headquarters
Ondas Holdings Inc., a provider of private industrial wireless networks and commercial drone and automated data solutions, announced that its wholly owned subsidiary American Robotics Inc. will host the grand opening of its Maryland headquarters with an event being held on June 12th – 13th. During this event, American Robotics will showcase their premier drone-in-a-box […]
European Commission Announces $77M Funding for European Counter-UAS Projects
The European Commission last week announced over €1 billion in funding for 54 additional defence projects through the European Defence Fund, bringing the total EU budgetary investments to more than €3 billion ($3.3BN) in collaborative defence R&D projects since the start of the EDF Regulation in May 2021. This new round includes over €71 Million […]
Baykar Delivers Last Batch of TB2 Drones to Poland
Turkish aviation firm Baykar delivered 24 Bayraktar TB2 unmanned combat aerial vehicles (UCAVs) to Poland this month, the Secretariat of Defense Industries (SSB) said Friday. The first batch deliveries were made in October 2022, followed by supplies in April and October 2023, and lastly in May this year. A handover ceremony was held at the […]
Airbus US Space & Defense to Develop Prototype UH-72 Lakota Drone for US Marines
Naval Air Systems Command (NAVAIR) awarded Airbus U.S. Space & Defense a Phase I Other Transactional Authority Agreement, through Naval Aviation Systems Consortium, in support of the United States Marine Corps Aerial Logistics Connector. The award is part of a Middle Tier of Acquisition (MTA) Rapid Prototyping Program which aims to provide the USMC with […]
Aerial Intelligence Company SwissDrones Closes Series B Growth Funding
Aerial intelligence company SwissDrones has announced the closing of its Series B equity growth funding round, securing over USD 10 million from a consortium of investors including aviation investor DiamondStream Partners, Chevron Technology Ventures, Ingleside Investors, and a continued commitment from existing shareholders, marking another significant milestone in the Company’s rapid development. The transaction closed […]
EchoFlight Radar Integrated Into American Aerospace’s FAA-Approved BVLOS Unmanned Aircraft
Echodyne, the radar platform company, has announced that its EchoFlight radar is integrated into the American Aerospace Technologies, Inc. (AATI) AiRanger aircraft, which obtained a waiver from the Federal Aviation Administration (FAA) last week for commercial Beyond Visual Line-of-Sight (BVLOS) flight operations. The waiver permits AATI to use the onboard detect-and-avoid (DAA) system for adhering […]
High Eye Secures Dutch Navy Contract for Airboxer VTOL UAV
High Eye has announced a significant milestone in is journey of innovation and growth: the selection of our Airboxer VTOL UAV by the Dutch Navy. After an extensive study of maritime VTOL UAV systems, the Dutch Navy recognized the Airboxer’s suitability for the challenging maritime domain. With over a decade of development, the Airboxer has […]