Here's Who Won the Drone Dominance Gauntlet 2 Contest
Nineteen drone companies entered the ring with $300 million in contracts up for grabs.
Overview
Sometimes, the U.S. Department of Defense moves slowly, as when it took 12 years to design and build the first Ford-class aircraft carrier. But sometimes, the Pentagon moves very, very quickly -- and we're seeing a great example of that in the Pentagon's new Drone Dominance Program.
Announced in February as a "$1.1 billion investment in groundbreaking unmanned systems technologies," Drone Dominance aims to enlist dozens of mostly small, mostly new start-up companies to build 350,000 low-cost attack drones for as little as $2,300 each -- and get it all done in less than two years.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.