:

Business/Financial

Leonardo DRS Invests In Tethered Drone Developer Hoverfly

By Cal Biesecker

Wednesday, October 14th, 2020

SHARE:

Leonardo DRS Invests In Tethered Drone Developer Hoverfly

Hoverfly Technologies' LiveSky tethered unmanned aerial system. Photo: Hoverfly

Leonardo DRS on Tuesday said it has invested in tethered drone designer and developer Hoverfly Technologies, a partnership that will bring Leonardo DRS’ capabilities in manufacturing, platform integration and sensor development. The amount of the investment wasn’t disclosed. Hoverfly, based in Orlando, Fla., has awarded Leonardo DRS $4 million to manufacture 50 of the company’s LiveSky tethered unmanned aerial systems (TUAS) at its facilities in St. Louis, Mo. A spokesman for Leonardo DRS told Defense Daily that the company expects…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]