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Australia placed first in the tournament's racing section, ahead of international teams from the UK, which came in second, and the US, which came in third. In addition, an Australian Army drone pilot achieved the fastest time at the drone racing series.
As part of this expansion, Boeing revealed a technology roadmap that substantially increases the uncrewed aerial system’s range, payload flexibility and interoperability for the Royal Australian Air Force and allied customers.
Boresight commenced trading on Wednesday, with the aerial target drone company listing at a $0.20 price and a pre-raise market cap of just under $34 million. The Canberra-based company focuses on designing and manufacturing drones that can be deliberately shot down for counter-UAS training.
The contract has an initial value of $19.3 million, with an additional $5.6 million in options of the end user over a five-year period, according to a statement published on 2 June, and is for the supply of mobile and fixed site counter-drone solutions, comprising hardware, subscriptions, warranties and services.
Innovaero says Vince Di Pietro brings 43 years of defence experience to the Board, along with valuable commercial experience as Chief Executive of Lockheed Martin Australia and New Zealand.
Under the validation testing, Boeing reportedly conducted Radar Cross Section testing to provide customers with objective, repeatable data about survivability and detection risks. This information is designed to validate designs and models, supports procurement and certification, and guides tactics and countermeasure choices.
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