Financial

Kratos receives $6m worth of Unmanned Aerial Target drone system orders

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Kratos Defense & Security Solutions has announced that its Unmanned Systems Division (KUSD) has recently received approximately $6m in high performance jet powered unmanned aerial target drone system orders. As part of the orders calculated, related ancillary and spares support equipment is also included. Kratos is a provider of high performance unmanned aerial drone systems for threat representative target missions to exercise weapon, radar, and other systems; plus tactical aerial drone systems for strike/ISR and force multiplication missions. The company detailed how work under the contract awards will be performed primarily in Kratos Unmanned Systems Division production facilities. It added
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Small businesses missing out on potential tax relief under HMRC scheme

The Pound Falls Against The Dollar Ahead Of Theresa May’s Brexit Speech
Small businesses investing in innovation, including drone-related companies, are not taking advantage of available tax relief, a new report claims. According to the HMRC’s latest figures, small business across the UK are missing out on potential funding due to a lack of awareness surrounding tax relief available for those investing in innovation and development.   Since launching the scheme in 2000, over £26.9bn has been claimed by qualifying businesses. Despite a 22% increase in companies applying for the scheme in 2017/18, David Redfern, director of DSR Tax Claims notes, almost half of the claims are concentrated in London, the South
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