Advanced Navigation raises $20 million for expansion

Robotics and AI sensor business, Advanced Navigation, has raised $20 million to expand its global research and manufacturing footprint. The company, which develops and manufactures navigation systems, inertial sensors, acoustics, positioning systems and robotics, raised the cash from Main Sequence Ventures’ CSIRO Innovation Fund, and US venture firms Brick & Mortar Ventures and In-Q-Tel Inc.…

DroneShield wins Australian army contract

Australian drone countermeasure company DroneShield (ASX: DRO) has won an Australian army contract to provide portable unmanned aerial system (drone) detection devices. The company, which is listed locally but operates mainly overseas, won a $700,000 tender made up of a combination of an initial purchase price and an annual subscription component. DroneShield’s CEO Oleg Vornik…

$10.6 million drone contract to create 10 jobs at Xtek

Defence supplier Xtek has earned a $10.6 million contract to “provide spare parts, repair, maintenance and support services” for the Australian Defence Force’s fleet of Wasp All Environment drones.   The work will be carried out at a Xtek’s recently-completed Canberra facility, and according to defence industry minister Melissa Price will create an additional 10…