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The initiative is reportedly being led by Army’s 5th/7th Battalion, the Royal Australian Regiment, as a trial alongside other additional capabilities such as reconnaissance drones and unmanned ground vehicles.
Delivered by 2nd/1st Battalion, Royal New Zealand Infantry Regiment, the three-week FPV uncrewed aerial system course provides already qualified drone operators additional training on emerging UAS platforms and the skills required to operate, maintain, and integrate them into military operations.
The company is seeking to raise $40 million by issuing 80,000,000 new shares at an offer price of $0.50 per share, implying an indicative pro forma market capitalisation of approximately $158 million upon completion of the offer.
Speculation has whirled into a frenzy earlier this week with news that several unidentified drones had been seen flying over RAAF Base Williamtown and Newcastle Airport in early July.
The companies are positioning the Australian-designed uncrewed combat aircraft as a way for the German Air Force to move rapidly from CCA concept development towards operational capability while retaining sovereign control over key technologies.
The jointly funded technology demonstration is the first to showcase automated manned-unmanned teaming between the two platforms using an open systems architecture, allowing machine-to-machine mission planning and execution.
PROFILES
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Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
