Business News

Auto Added by WPeMatico

German Army Orders Rheinmetall’s Skyranger Mobile Air Defence System

Posted by Dronerator
The German Army (Bundeswehr) has ordered the Skyranger 30 mobile air defence system from Rheinmetall for the German armed forces. Worth €595 million (including value added tax), the contract encompasses delivery of a prototype and another 18 series production vehicles. In addition, an option exists for a further 30 systems. The prototype is to be […]

Leonardo to Equip Canadian Armed Forces with Counter-Drone Technology

Posted by Dronerator
Leonardo has been awarded a contract by Public Services and Procurement Canada (PSPC) to provide its Falcon Shield C-UAS system for operation by the Canadian Armed Forces. The company will provide a number of systems and a 10-year sustainment package that includes options for additional equipment and the spiral development of new capabilities. First systems […]

EOS Partners with Shielders Advanced Industries in UAE

Posted by Dronerator
EOS Defence Systems has entered into a Memorandum of Understanding with Shielders Advanced Industries, a specialist in metal processing, profiling, and fabrication based in the United Arab Emirates . This strategic agreement was formalised at the Ajban Defense Industry and Technology Exhibition in the UAE on 21 February 2024, signifying a major milestone in the defence manufacturing […]

High Eye Wins Netherlands Ministry of Defence Tender

Posted by Dronerator
High Eye has emerged victorious in an international open tender issued by the Ministry of Defence Netherlands, marking a significant milestone in the company’s journey of innovation and growth. This prestigious tender victory signifies not only a tremendous achievement by High Eye but also a testament to the quality and capability of the Airboxer. As […]

General Atomics Gets $31M US Navy MQ-9A Detect and Avoid System Contract

Posted by Dronerator
General Atomics Aeronautical Systems Inc., Poway, California, is awarded a $30,885,042 cost-plus-fixed-fee order (N0001924F5565) against a previously issued basic ordering agreement (N0001922G0006). This order provides for the development, integration, test, and certification of the MQ-9A Detect and Avoid System for the Marine Corps. Work will be performed in Poway, California (85%); and Patuxent River, Maryland […]

German Firm Helsing to Help Ukraine Add AI to Domestically-Produced Drones

Posted by Dronerator
Ukraine has agreed with German tech firm Helsing GmbH to incorporate artificial intelligence into Ukrainian-made drones and other unmanned aerial vehicles (UAVs). The agreement resulted from multiple conferences over the past year aimed at establishing joint weapons manufacturing partnerships between Ukraine and other nations. The memorandum of understanding on security and defense cooperation was signed […]

General Atomics Gets $31M US Navy Contract for Development of EW Pods

Posted by Dronerator
General Atomics Aeronautical Systems Inc., Poway, California, is awarded a $31,003,429 cost-plus-fixed-fee order (N0001924F0168) against a previously issued basic ordering agreement (N0001922G0006). This order provides non-recurring engineering for the installation, integration, systems test and evaluation, calibration, and logistics in support of the development and production of electronic warfare pods for the Marine Corps. Work will […]

SkyDrop Grounded

Posted by Dronerator
SkyDrop Founder Matthew Sweeney announced on LinkedIn that the company is closing down: Unfortunately, the Federal Aviation Administration regulations to enable commercial drone delivery at scale continue to take much longer than anticipated. On July 24, 2023, SkyDrop completed the first store-to-door drone delivery approved by the Civil Aviation Authority in New Zealand history, successfully […]

AeroVironment Poised for Growth: A Strong Buy on Surging Switchblade Sales

Posted by Dronerator
Analyst Peter Arment of Robert W. Baird maintained a Buy rating on AeroVironment, with a price target of $152.00. Peter Arment has given his Buy rating due to a combination of factors affecting AeroVironment’s business dynamics. The company is expected to surpass earnings per share (EPS) estimates for the third quarter, bolstered by strong sales […]