Tag Archives: agrees

$2.8 billion startup cofounded by a Navy SEAL agrees to buy …

Shield AI, a defense tech startup valued at $2.8 billion, has agreed to buy Sentient Vision Systems for an undisclosed sum. Melbourne-based Sentient has developed AI-enabled edge solutions that detect and identify small objects in real time. The company employs about 50 people and will operate as a wholly owned …

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Turkey agrees to provide drones to Egypt

Turkey agreed to provide its increasingly popular drones to Egypt after the two countries normalised ties following a decade of rupture, Foreign Minister Hakan Fidan said on Sunday. Turkish President Tayyip Erdogan is set to travel to Egypt on Feb. 14 to meet counterpart Abdel Fattah al-Sisi, in his …

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Defence agrees $8m deal for bird-sized drone spare parts – A…

Canberra-based XTEK has won an $8.1 million deal to supply spare parts to Defence’s fleet of bird-sized drones. The tech business also announced it has signed a two-year extension to a separate support contract for Australia’s small unmanned aerial systems (SUAS). XTEK’s CEO Scott Basham said, “The spare parts to …

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