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.

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New FAA Rules Spark Privacy Debate in US

News that by 2013, the FAA expects to have formulated new rules that would allow police across the country to routinely fly lightweight UAS up to 400 feet above the ground – high enough for them to be largely invisible eyes in the sky – has sparked off fresh debates about the boundaries of privacy in the US media, lead by The Washington Post.

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Gorgon Stares But Can’t See

A draft report by the US Air Force’s 53rd Wing Group at Eglin Air Force Base said that the new system, dubbed Gorgon Stare*, had “significant limitations,” and is “not operationally effective” and should therefore not be deployed in the field.  The Sierra Nevada built device transmits live video from nine cameras and is intended to cover a three-mile area. It has been in development for the last two years. Testers found 13 serious deficiencies in the system, including:

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