Aerovironment announces joint venture to develop aircraft

You are here: Home > Latest news > Current Article

Aerovironment announces joint venture to develop aircraft

By Staff Report / Wednesday, January 3rd, 2018 / Comments Off on Aerovironment announces joint venture to develop aircraft

Aerovironment, an unmanned aircraft systems producer with operations in Simi Valley, announced Jan. 3 that it would develop a solar powered commercial-size UAS as part of a $65 million joint venture. Aerovironment will contribute $5 million in capital for a 5 percent ownership stake, with the option to increase its stake up to 19 percent…

This article is only available to Business Times subscribers

Subscribers: LOG IN or REGISTER for complete digital access.
Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
Check the STATUS of your Subscription Account.