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Mass-market military drones have forever changed the way wars are fought. The high cost of UAVs previously restricted the expansion of this market, but things are now gradually improving. Military systems across the world are discovering the need to invest in UAVs due to their effective operations of advanced security systems.
The global military drones market was valued at
The company has been focusing on getting
On
The company said it is working to add more partners who have already established contracts with the
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Additional stocks in the military drone space to make note of include:
Teledyne Technologies Incorporated (NYSE:TDY) is a global engineering company; whose Teledyne FLIR Defense unit provides militaries with intelligent sensing and threat detection technology, including unmanned systems.
On
Feb. 8 the company has been awarded a$13.3 million contract by theU.S. Department of Defense to further expand the capabilities of its R80D SkyRaider unmanned aerial system to autonomously perform chemical, biological, radiological and nuclear reconnaissance missions.For the base contract, Teledyne FLIR will deliver four SkyRaiders and six of each sensor payload, with options to support training, documentation, plus the delivery of additional UAS and payloads.
Teledyne FLIR Defense will integrate flight control software that enables the SkyRaider Unmanned Aerial System to autonomously fly such missions currently performed by soldiers hand-carrying detection sensors into hazardous areas. This will allow soldiers to complete these missions without directly controlling the drone – and without exposing themselves to toxic substances.
On
Feb. 21 Saab AB became a part of the consortium for the European Detect and Avoid System funded by TheEuropean Commission . The grant agreement, worth overEUR 21 million , will have the Detect and Avoid system developed and tested on several unmanned platformsThe company’s flagship SKELDAR V-200 has successfully performed live flight demonstrations using an innovative Detect and Avoid System capable of automatically maneuvering the UA around intruder aircraft. The demonstrations have proven the capability of the system when it encountered both cooperative and non-cooperative collision course scenarios and is considered a key milestone as part of the European Detect and Avoid System development, led by Saab.
Conclusion
The market for military drones has strong drivers as global military operations switch from relying on manned systems to increasingly relying on autonomous solutions.
Investors hoping to benefit from this trend should follow the news and advances that these drone manufacturers make as they continue to innovate and bring down the costs of their products.
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