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By Staff Report / Wednesday, May 12th, 2021 / Banking & Finance, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies / Comments Off on AeroVironment chairman to retire
AeroVironment, a Simi Valley-based drone and robotics company, announced May 11 that its chairman of the board, Tim Conver, plans to retire later this year. He will be replaced as chairman by Wahid Nawabi, AeroVironment’s president and CEO. Conver has been a member of the board since 1988 and chairman since 2007. He was CEO Read More →
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By Jorge Mercado / Monday, April 19th, 2021 / Banking & Finance, East Ventura County, Latest news, Technology, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies / Comments Off on ‘A flawless flight’ for AeroVironment’s Mars drone
Ingenuity, a helicopter drone developed by Simi Valley-based AeroVironment, made history early in the morning of April 19, becoming the first man-made aircraft to fly on another planet, according to the National Aeronautics and Space Administration. “Goosebumps,” MiMi Aung, NASA’s project manager for Ingenuity, said during a press conference while looking at a video of Read More →
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By Jorge Mercado / Friday, April 16th, 2021 / Banking & Finance, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies / Comments Off on AeroVironment’s drone still grounded on Mars
Ingenuity, the helicopter drone developed by Simi Valley-based AeroVironment, has had its first experimental flight on Mars delayed after an error sequence during testing, according to the National Aeronautics and Space Administration. Ingenuity, which landed on Mars on the Perseverance rover in February, was scheduled for its first takeoff on April 11. NASA first rescheduled Read More →
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By Jorge Mercado / Monday, April 12th, 2021 / Banking & Finance, East Ventura County, Latest news, left, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on AeroVironment’s drone launch on Mars delayed
Ingenuity, the helicopter drone developed by Simi Valley-based AeroVironment, has had its first experimental flight on Mars delayed, according to the National Aeronautics and Space Administration. Ingenuity, which landed on Mars on the Perseverance rover in February, was scheduled for its first takeoff on April 11. The flight has been rescheduled to no earlier than Read More →
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By Jorge Mercado / Tuesday, March 9th, 2021 / Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies / Comments Off on AeroVironment’s revenue, earnings rise in new quarterly report
AeroVironment, a drone company based in Simi Valley, saw a steep rise in revenue and a slight increase in net income when the company released its quarterly results on March 9. AeroVironment generated revenue of $78.8 million in the third quarter of its 2020-21 fiscal year, a 27% increase from the same quarter one year Read More →
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By Staff Report / Wednesday, February 24th, 2021 / Banking & Finance, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies / Comments Off on AeroVironment makes $30M AI acquisition
AeroVironment, a drone company based in Simi Valley, announced Feb. 24 that it has acquired the Intelligent Systems Group from Progeny Systems Corp. for $30 million or more in cash. The Intelligent Systems Group develops intelligence-enabled computer vision, machine learning and perceptive autonomy technologies and provides those services to United States government customers, AeroVironment said. Read More →
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