AeroVironment Announces Joint Venture and Solar High-Altitude Long-Endurance Unmanned Aircraft System Development Program
AeroVironment, Inc. (AVAV)
Last aerovironment, inc. earnings: 3/3 04:10 pm
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Source: Business Wire
Joint venture to fund development and production of solar-powered high-altitude unmanned aircraft systems AeroVironment to design and develop solar aircraft and ground control stations for flight testing and certification Net value of development contract is $65 million MONROVIA, Calif.--(BUSINESS WIRE)-- AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, today announced the formation of a joint venture to develop solar-powered high-altitude long-endurance, or HALE, UAS for commercial operations. This category of UAS is also referred to as high-altitude pseudo-satellites, or HAPS. The joint venture will fund the development program up to a net maximum value of $65,011,481. The joint venture, HAPSMobile, Inc., is a Japanese corporation that is 95 percent funded and o
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Earnings
- 3/4/24 - Beat
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Sec Filings
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- AVAV's page on the SEC website