Business
AeroVironment has just reported its fiscal first-quarter results. The firm saw revenue climb 62% year over year to $62 million, driven by a 56% increase in its core UAS segment and a 105% growth in the smaller efficient energy systems business. This latter segment jumped to 16% of quarterly
Business
Kratos Defense & Security Solutions, Inc. has announced that it has received new contract awards totalling $4.2 million for certain Unmanned Aircraft System programme related equipment. Under the contract awards, Kratos will design, engineer, manufacture and deliver specialised equipment to support this mission critical National Security programme. This specialised
Business
A company that manufactures unmanned aircraft is hovering over the Oroville Municipal Airport. If the city of Oroville, California, economic development team is successful, AirCover Integrated Solutions will land at the airport and make miniature unmanned aircraft. The company's unmanned helicopter can be used for anything from military
Business
Northrop Grumman Corp. will cut 500 workers in its Aerospace Systems sector through a combination of voluntary and involuntary layoffs, it was announced last week. “This action is being taken because of defence budget uncertainties and pressures on current and projected business,” the company said in a statement. “We must
Business
The INSYS group has developed a new corporate image for its avionics division. All products and services for the aerospace industry are now marketed under the name INSYS aero. The division gets a new logo and a new website. “Communication and security are essential factors in the aerospace and defense
Business
AME Unmanned Systems, a ChandlerMay, Inc. company, and AAI Unmanned Aircraft Systems, an operating unit of Textron Systems, a Textron Inc. company, announced that the two companies have entered into a strategic alliance agreement regarding unmanned systems development. “AAI and ChandlerMay have enjoyed a long, successful working relationship for several
Business
Simlat Ltd. has announced the establishment of a partnership with General Dynamics Information Technology, an IT and training service provider. Through the partnership, Simlat will offer its UAS training & simulation systems, which support various platforms and payloads and have been implemented in more than 20 countries across the globe.
Business
Boeing and Siemens have announced a strategic alliance for the joint development and marketing of "smart grid" technologies to improve energy access and security for the U.S. Department of Defense (DOD), the largest energy consumer in the federal government. The collaboration centers on providing U.S. military
Business
AreoHawk is a miniature UAV optimised for acquiring data for processing in photogrammetry software and general purpose imaging. It was developed by Hawkeye UAV, which is headed by two former NZ Army officers, one of whom was head of the Army's unmanned aircraft programme. The other was until
Business
Boeing announced that it has completed the acquisition of Solutions Made Simple Inc. (SMSi), an information services provider for the U.S. government and the Intelligence Community. Boeing announced its agreement to acquire SMSi in July. SMSi now operates within the Information Solutions division of Boeing's Network &
Business
ABC News just posted this interview with Steve Gitlin, Director of Marketing Strategy with AeroVironment. In it he delivers a smooth and clear explanation of the use of the company’s unmanned systems and the advantages that they bring to ground forces. Towards the end of the interview, he also
Business
Mercury Computer Systems, Inc. reported operating results for its fourth quarter and fiscal year 2011 ended June 30, 2011. Fourth quarter fiscal 2011 revenues were $61.2 million, a decrease of $2.4 million from the fourth quarter of the prior fiscal year. Revenues from commercial customers decreased by $8.