Business

February 7, 2014

Lockheed Martin, AeroVironment pursue joint opportunities in UAS markets

AeroVironment, Inc. and Lockheed Martin Feb. 7 announced an agreement to jointly pursue opportunities in unmanned aircraft system development.

At Lockheed Martin, we look forward to partnering with AeroVironment to potentially develop integrated solutions for the unmanned systems market, said Paul Lemmo, Lockheed Martin senior vice president, corporate strategy and business development.

Using our expertise in systems integration and AeroVironmentís knowledge of unmanned aircraft solutions, we will together look for opportunities to develop innovative technologies that create value for new and existing customers.

Numerous customers are seeking persistent solutions for wide area applications, such as border surveillance and communications, that are muchmore affordable than those available previously,” said Roy Minson, AeroVironment senior vice president and general manager of its Unmanned Aircraft Systems business segment. “Lockheed Martinís broad systems integration expertise gives us the opportunity to work together and develop innovative, end-to-end atmospheric satellite systems built around Global Observer that deliver breakthrough capabilities to customers.




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Headlines October 24, 2014

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News Briefs October 24, 2014

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Boeing announces SF Airlines order for Boeing converted freighters

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United Technologies Corp. Oct. 23 reported third-quarter profit of $1.85 billion as sales increased across all its businesses and the aerospace giant reported favorable tax settlements. The Hartford, Conn.,-based company said it had profit of $2.04 per share and earnings, adjusted for non-recurring gains, came to $1.82 per share. The results topped Wall Street expectations,...
 




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