Canadian Firm North Vector Dynamics Secures Investment for Low-Cost Anti-Drone Missile
North Vector Dynamics, a Calgary-based company, has secured a minority stake investment from CSG N.V., a Czech ammunition giant, for its CM-70 guided interceptor missile. The CM-70 is designed to counter small drones, with a target unit cost below $10,000, significantly less than traditional interceptors like the Patriot round, which costs approximately $3.7 million. The missile, weighing 6.6 pounds and measuring 0.9 meters, has a range of 3.5 kilometers and a top speed of 900 km/h. It utilizes semi-active laser homing (SALG) for guidance, a proven technology that is resistant to electronic warfare jamming. The company's valuation now exceeds $90 million, and CSG N.V. intends to leverage its industrial expertise, manufacturing capabilities, and commercial network, particularly in Ukraine, for the partnership. The CM-70 is marketed as 'ITAR-free,' meaning it contains no U.S.-controlled components, allowing for seamless procurement and integration by allied nations without requiring State Department approval...