PartnershipAug 6, 2026, 09:03 AM
Eva Live's Eva Defense to Develop Resilient UAS with Boumarang for $1.2M
AI Summary
Eva Live Inc. announced that its wholly owned subsidiary, Eva Defense Inc., has entered into a development agreement with Boumarang Inc. to create a resilient communications unmanned aircraft system (UAS). Eva Defense will fund a twelve-month development program with a commitment of $1.2 million, paid monthly. This initiative is a key step in Eva Live's broader strategy to build Eva Defense into a leading developer of advanced autonomous defense technologies, targeting a defense drone market projected to exceed $20 billion by 2030.
Key Highlights
- Eva Defense Inc., a subsidiary of Eva Live, entered a development agreement with Boumarang Inc.
- The agreement is to develop a resilient communications unmanned aircraft system (UAS).
- Eva Defense committed $1.2 million, payable at $100,000 per month for 12 months.
- The program targets a sub-55-pound UAS designed for operation in contested DDIL environments.
- Targeted outcome includes 10-20 field-tested prototypes and a low-rate initial production plan.
- This advances Eva Live's strategy to establish Eva Defense in autonomous defense technologies.
- The defense drone market is projected to exceed $20 billion by 2030.
Price Impact
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