US Navy Halts New Orders of Aevex BlackSea Drone Boats

The US Navy has stopped placing new orders for Aevex Corp.'s BlackSea drone speedboats after performance issues. More than $130 million had already been spent on the technology.

• The US Navy halted new orders for Aevex BlackSea drone boats
• The decision follows performance problems with the vessels
• More than $130 million was already spent on the program