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Business/Financial

Toshiba Invests In Counter-Drone Company Fortem; Form Strategic Alliance

By Cal Biesecker

Tuesday, March 23rd, 2021

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Toshiba Invests In Counter-Drone Company Fortem; Form Strategic Alliance

Fortem Technologies' DroneHunter drone snaring another drone in the sky. Photo: Fortem

Fortem Technologies on Tuesday said it has received a $15 million investment from Japan’s Toshiba Corp. that will allow it to quickly scale and meet demand for increased production of its counter-drone systems. The two companies also agreed to a strategic alliance that involves the integration of their complementary counter-unmanned aircraft systems (C-UAS). “We feel this is real validation for both the market and our technology,” Timothy Bean, CEO of Utah-based Fortem, told Defense Daily in an interview ahead Tuesday’s…

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