Business
AeroVironment, Inc. has reported financial results for its fourth quarter and fiscal year ending April 30, 2011. “With record fourth quarter revenue of $106.1 million, fiscal 2011 revenue grew 17% to $292.5 million, exceeding our guidance, and diluted earnings per share increased 24% to $1.17," said
Business
Joseph Ackerman, President of Elbit Systems, talked to Flightglobal about the company's aspirations and the focus of its display this year at the Paris Air Show: "We are introducing the company's unique multi-layered wide area aerial persistent surveillance (WAAPS) solution, demonstrating a capability that enables
Military
The Pentagon is processing a record backlog of $327 billion in arms exports and is speeding up the clearance process to meet the rising demand for UAS, said Vice Admiral Bill Landay, head of the agency responsible for weapons exports. To meet a growing demand for U.S.-made unmanned
Military
AeroVironment, Inc.was awarded on June 6 a $13,113,191 cost-plus-fixed-fee contract. The award will provide for the modification of an existing contract to confirm Puma unmanned aircraft systems training and contractor logistics support. Work will be performed in Simi Valley, Calif., and Kandahar, Afghanistan, with an estimated completion
Business
Explaining his ruling Justice and Development Party (AKP) election manifesto, PM Recep Tayyip Erdoğan pledged that Turkey’s local defence companies would manufacture indigenous “tanks, helicopters, war planes, unmanned aircraft and military satellites in the next 12 years.” Turkey’s ruling Justice and Development Party, or AKP, is putting an
Business
Ricardo, Inc., the U.S. subsidiary of Ricardo plc, has announced the formation of a strategic business alliance with XRD Inc. and NW UAV to design, develop and manufacture a family of heavy-fuel engine solutions for unmanned systems. Branded Wolverine, the new engine line combines Ricardo’s engineering expertise with
Business
Microsemi Corporation a provider of semiconductor technology , announced that its acquisition of AML Communications, Inc. closed on Friday, May 27, 2011. "We are pleased to move forward with AML's contribution to the Microsemi family," stated James J. Peterson, Microsemi President and Chief Executive Officer. "RF
Business
Lockheed Martin detected a significant and tenacious attack on its information systems network, the company said in a statement late Saturday night. The cyber-assault took place on May 21, and quick action by its security team successfully repelled the attack. "No customer, programme or employee personal data has been
Business
ChandlerMay, a supplier of C2 System development, ground control stations and mobile C2 computing solutions, has been recognized by AAI Corporation for its continued contribution to the RQ-7B Shadow 200 tactical unmanned aircraft system (TUAS) programme. The company recently received the "Above and Beyond" award at Textron System&
Research
The Defense Advanced Research Projects Agency (DARPA) and Space and Naval Warfare Systems Center, Atlantic (SSC Atlantic) call on innovators of every kind - scientists, engineers, citizen scientists and dreamers to collaborate on the UAVForge Challenge and win $100,000. The UAVForge Challenge uses crowd-sourcing to build small UAS through
Business
The US Navy has issued a request for proposal (RFP) worth up to $870 million for a small unmanned aircraft system to provide a bridge system between current capabilities and the 2014 entrance of the small tactical unmanned aerial system (STUAS)/tier II entry into service, projected to be 2013.
Business
After years of explosive growth, AME Unmanned Systems is cutting about 20 percent of its workforce in response to cuts in the U.S. defence budget and changes in its contracts. Founded in 1999 by two Cal Poly graduates in a garage and on a shoestring budget, AeroMech grew to