Business
UK’s Ultra Electronics started the year with two US acquisitions: Adaptive Materials (AMI) for $23 million cash plus another $5 million based on future performance, and 3e Technologies International, for $30 million. AMI designs and makes propane fuel cells suitable to power small UAs demanding 50W-300W power, and
Business
The Swedish aerial video exploitation software firm Imint and US-based L-3 Communications Systems-West, a leader in high-speed digital communication systems that connect air, space and ground systems, are partnering to provide enhanced video intelligence exploitation from airborne surveillance. L-3 Communication Systems-West will offer Imint’
Business
Steve Sliwa, chief executive of Insitu Inc., a subsidiary of The Boeing Co., will retire April 1 after 10 years with the company. A replacement is currently being sought. Insitu was founded in 1994. Sliwa, the company’s fourth employee, expanded the company to more than 700 workers, reaching $128
Military
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
Payloads
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
Business
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. The prestigious award is presented to a small number of civilian employees whose careers reflect exceptional devotion to duty
Business
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
Business