Innovaero and Defence have signed a contract to accelerate the development of Innovaero's OWL B precision loitering munition.
The agreement takes development of the capability into its third phase which involves the manufacture, test, and evaluation of the capability. It builds on work conducted over 2023 and 2024 that saw a series of live fire tests conducted.
"This new phase builds on these successful tests and positions us to deliver a combat-ready system that meets the evolving needs of modern warfare,” said Innovaero Chief Executive Officer Marcus Colman.
"This brings us one step closer to getting this world leading capability into the hands of the operator."
The value and duration of the contract has not been disclosed.