AeroVironment, Inc. has announced that it received a firm fixed-price order valued at $7,800,003 under an existing contract with the U.S. Army on January 25, 2011. The order comprises 919 digital module upgrade kits for the U.S. Marine Corps. The upgrade kits allow digital Raven unmanned aircraft systems to operate using a different frequency band than provided by the regular configuration.
Category Archives: Business News
Magna Parva to Focus on UAS – New Head of Defence Business
UK extreme engineering specialist Magna Parva, known for its Payload Release Devices for UAS, has appointed Chris Day to head up its defence business. The appointment will boost the company’s expertise in unmanned aircraft systems, a field of increasing focus for Magna Parva. His previous position was VP ISTAR & UAV Systems at global aerospace company Thales, where he was also director of the £150 million Thales / Elbit JV company UtaCs.
US Army UAS Expert Wins Department of Defense Civilian Service Award
Tim Owings, Deputy Project Manager for the US Army Unmanned Aircraft Systems (UAS) has received the DOD Distinguished Civilian Service Award, the highest award given to a Department of Defense civilian.
AeroVironment Stock Price Up – CEO Sells
Timothy E. Conver, AeroVironment’s CEO and Trustee of The Conver Family Trust, has established a pre-arranged stock trading plan to sell a portion of company stock held by the Trust. The company’s shares reached over $28 last week as a result of unusually high trading volume. Analysts at Pacific Crest upgraded shares from a “sector perform” rating to an “outperform” rating.
Elbit Settles with Georgia for $35 M for Unpaid Hermes
The government of Georgia has agreed to pay the Israeli defense contractor Elbit $35 million to settle a lawsuit. Continue reading