Albacore Secures US Navy Contract for Underwater Drones in Philadelphia
Albacore, a Philadelphia-based startup, is set to manufacture military-grade underwater drones, having raised over $10 million in funding. The company aims to produce 75 units annually at its South Philadelphia facility, with plans for significant expansion to meet defense demands, particularly in the Indo-Pacific region.
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Albacore has secured a contract with the U.S. Navy to supply its Ghostfin underwater drones, which are capable of carrying a 250-pound payload and have a range of 1,000 nautical miles. The startup, founded 20 months ago, has raised over $10 million and moved into a 20,000-square-foot facility in South Philadelphia.
With 25 employees currently, Albacore plans to triple its workforce within the year. The Ghostfin drone, measuring approximately 8 feet and weighing 425 pounds, is designed for both military engagement and commercial applications.
The company identifies a growing market in unmanned undersea technology, particularly after recent geopolitical developments. Challenges remain in scaling up production and navigating the competitive defense sector.
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