Sun, Dec 09, 2012
Makes Strategic Investment In CybAero AB
AeroVironment has entered into a strategic relationship with Sweden-based CybAero AB to develop and distribute a Tier II vertical takeoff and landing (VTOL) unmanned aircraft system in response to unmet requirements from multiple customers. The relationship gives AeroVironment exclusive rights to provide CybAero AB systems to United States customers and to government customers in NATO and other countries. AeroVironment has agreed to purchase up to $3 million in convertible notes from CybAero to facilitate the company’s growth.
United States military customers typically segment the numerous types of unmanned aircraft systems they employ by size, weight, endurance and range into different tiers. Man-portable, hand-launched systems such as AeroVironment’s RQ-11B Raven, RQ-20A Puma AE and Wasp AE that weight less than 20 pounds comprise the Tier I segment. Tier II UAS include heavier, larger and longer endurance systems with longer range, such as CybAero’s VTOL offering. Tiers III and IV include air vehicles of increasing size, capable of even longer endurance and range and requiring larger support teams and infrastructure requirements.
“CybAero is a pioneer and leader in the Tier II VTOL market. Our joint team has demonstrated this reliable, cost-effective Tier II UAS solution that will build on AeroVironment’s family of small UAS, expanding our customer offering,” said Roy Minson, AeroVironment senior vice president and Unmanned Aircraft Systems general manager. “With its significantly greater endurance and payload capacity, small footprint and ease of use, this new system will join our family of UAS and deliver a robust vertical takeoff and landing capability to current and new customers seeking that Tier II solution.”
“We are working with CybAero to integrate their product into our system solution and will invest to add critical capabilities required to bring the most competitive offering to market,” Minson added.
AeroVironment and CybAero say they have been working together very effectively to incorporate capabilities required to meet the requirements of United States government and other customers.
Also: AirVenture Update, Barnstorming Opines On Media Aero-Reporting, NTSB Update, ERAU Scholarships, Doolittle Raiders, Tecnam P2010 The loss of Germanwings Flight 9525 due to wha>[...]
"Rover challenge puts students in the driver's seat of real-world engineering. Students perform research with computer-aided designs, select and fabricate components using mechanic>[...]
Comet A ball of rock and ice, often referred to as a “dirty snowball.” Typically a few kilometers in diameter, comets orbit the Sun in paths that either allow them to p>[...]
Aero Linx: New Jersey Aviation Association NJAA was formed in 2000 to promote, protect and preserve the state's multi billion dollar general aviation industry. Its membership inclu>[...]
NASA Goddard Releases Open Source Application Suite The Innovative Technology Partnerships Office at NASA's Goddard Space Flight Center in Greenbelt, Maryland, announced the releas>[...]