Category Archives: Business News

Quantum Systems Raises €160M Series C Funding

Quantum Systems – a supplier of AI-powered aerial intelligence systems for defense, emergency services, and industry – has raised €160 million in new funding, led by Balderton Capital, with participation from Hensoldt, Airbus Defense and Space, Bullhound Capital, LP&E AG and existing investors, including HV Capital, Project A, Peter Thiel, DTCP, Omnes Capital, Airbus Ventures, Porsche SE and Notion. Continue reading

AFRL Awards URSA MAJOR $28.6M Contract for Responsive Space, Hypersonic, and On-Orbit Propulsion

The U.S. Air Force Research Laboratory’s Rocket Propulsion Division at Edwards AFB, Calif., has awarded URSA Major Technologies Inc., Berthoud, Colorado, a $28,565,857 firm-fixed price contract for responsive space, hypersonic, and on-orbit propulsion. This new contract will follow-on work completed to mature advanced liquid rocket engines and will culminate in a flight demonstration. Continue reading

Airbus, Shield AI Partner to Integrate Autonomy on Unmanned Aerial Logistics Connector

Airbus U.S. Space & Defense and Shield AI announced a teaming agreement to integrate Shield AI’s Hivemind autonomy software on the Airbus MQ-72C Logistics Connector, an unmanned variant of the UH-72 Lakota. The collaboration will expand the platform’s mission capabilities through autonomy-enabled operations across a wide range of logistics and operational scenarios—including those under the U.S. Marine Corps’ Aerial Logistics Connector (ALC) program. Continue reading

Baykar and Leonardo Partnership Officially Exchanged at Turkey – Italy Intergovernmental Summit

The strategic cooperation agreement signed in March between Baykar, the leading company in the global UCAV market, and Leonardo, one of the world’s largest defence companies, was officially exchanged today at a ceremony held as part of the 4th Türkiye-Italy Intergovernmental Summit in Rome. The ceremony at Villa Pamphili Residence took place in the presence of President Recep Tayyip Erdoğan and Italian Prime Minister Giorgia Meloni.

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Piasecki Aircraft Acquires Kaman Air Vehicles’ KARGO UAV Program

Piasecki Aircraft Corporation has announced the acquisition of Kaman Air Vehicles‘ KARGO UAV program, expanding its portfolio of vertical lift and cargo UAS solutions. KARGO UAV is a medium-lift, autonomous unmanned aerial vehicle that has been demonstrated to both the U.S. Marine Corps and U.S. Army for its cargo VTOL capabilities, with successful autonomous lift and flight testing under military evaluation programs. Continue reading