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Hanwha to Provide Korean Military Anti-Drone Systems

Posted by Dronerator
South Korean aerospace and defense maker Hanwha Systems Co. is set to establish a military system to cope with small unmanned aerial vehicles (UAVs) and drones from the North while planning to develop various models of the system for exports. The unit of the country’s defense-to-chemical conglomerate Hanwha Group said on Friday it has signed two deals […]

Northrop Grumman Gets $14M US Navy MQ-8 Fire Scout Support Contract

Posted by Dronerator
Northrop Grumman Systems Corp., San Diego, California, is awarded a $14,305,018 modification (P00010) to a previously awarded cost-plus-fixed-fee contract (N0001923C0002). This modification exercises options and increases the ceiling to provide engineering support, cyber security activities and capabilities, integrated logistics support, material and training services support, software sustainment, and travel in support of sustainment efforts for […]

AeroVironment Gets $32M US Army Puma Contract

Posted by Dronerator
AeroVironment Inc., Simi Valley, California, was awarded a $32,066,339 modification (P00013) to contract W58RGZ-23-C-0007 for additional Puma units and associated training support services. Work will be performed in Mechanicsburg, Pennsylvania, with an estimated completion date of Sept. 30, 2024. Fiscal 2024 Foreign Military Sales funds in the amount of $32,066,339 were obligated at the time […]

Shield AI Valued at $2.8BN After Massive Series F Round

Posted by Dronerator
Defense tech startup Shield AI has expanded its latest funding round with another $300 million in equity and debt, bringing its total Series F to $500 million, TechCrunch has exclusively learned. This total amount reflects $200 million in equity closed in November, $100 million in new equity raised at the Series F price and $200 million in debt. […]

AeroVironment Gets $65M US Army Switchblade Contract

Posted by Dronerator
AeroVironment Inc., Simi Valley, California, was awarded a $65,402,691 modification (P00036) to contract W31P4Q-20-C-0024 for the Switchblade weapon system. Work will be performed in Simi Valley, California, with an estimated completion date of April 30, 2024. Fiscal 2024 Foreign Military Sales funds in the amount of $65,402,691 were obligated at the time of the award. […]

Drastic Increase in US Army Coyote Drone Interceptor Purchase Plans

Posted by Dronerator
The U.S. Army plans to substantially increase its arsenal of Coyote counter-drone interceptors, as well as associated launchers and radars, in the next five years or so. The service says it wants to buy 6,000 jet-powered Block 2 variants, which carry an explosive warhead to destroy their target, and 700 more Block 3 versions that […]

Japan and USA Sign Joint Agreement for AI and UAS Research

Posted by Dronerator
The U.S. Department of Defense and the Japanese Ministry of Defense signed a project arrangement for joint research on Overwhelming Response through Collaborative Autonomy, Dec. 22, 2023. The project’s objective is to revolutionize airborne combat by merging state-of-the-art artificial intelligence and machine learning with advanced unmanned air vehicles and is a direct result of the […]

PrecisionHawk Files for Bankruptcy

Posted by Dronerator
PrecisionHawk, a Raleigh, North Carolina-based developer of commercial drones, is shutting down. In mid-December 2023, the company voluntarily filed for Chapter 7 bankruptcy. Filing for Chapter 7 bankruptcy indicates a company no longer has plans to continue operating. According to the filing, PrecisionHawk has about $17 million of debt and assets of about $3.8 million. According […]

Nordic Unmanned to Sell CAMCOPTER Assets Back to Schiebel in a Non-Cash Transaction

Posted by Dronerator
Nordic Unmanned’s Flight Services business has come to an agreement with Schiebel Aircraft GmbH to settle outstanding payables in a non-cash transaction where Schiebel buys back one CAMCOPTER  asset (Air Vehicle plus spare-parts). The delivery of the equipment will be executed in Q1 2024. The value of the transaction is EUR 927,000 and will result […]

ANRA Technologies and NAVOS Air Team to Develop Vertiports for Urban Air Mobility

Posted by Dronerator
ANRA Technologies, a global supplier of uncrewed vehicle mission management and operations solutions, and NAVOS Air, an Instrument Flight Procedure Products and Services company, have announced a collaboration to incorporate flightpath procedures into ANRA’s Vertiport Management Service for Vertical Takeoff and Landing (VTOL) aircraft operations for Urban Air Mobility. This joint undertaking combines first-of-its-kind services […]