August 8, 2012 |
LAS VEGAS - With the prospect of thousands of unmanned aircraft flying around U.S. airspace beginning in 2015, the head of the Federal Aviation Administration pledged that new regulations are in the works to keep skies safe and protect people's privacy. Speaking before hundreds of drone makers, potential buyers and government officials at a drone expo Tuesday, acting FAA Administrator Michael Huerta said the integration of unmanned aircraft in U.S. skies is a daunting challenge. "There's a lot of work that needs to be done to move [drone]
July 5, 2012 |
An expected proliferation of unmanned aircraft in U.S. skies over the next few years is generating concern among civil libertarians and citizens about safety and privacy, and the nation's drone makers are taking heed. The Assn. for Unmanned Vehicle Systems International in Arlington, Va., has published a code of conduct for manufacturers and operators of the thousands of drone aircraft that are expected to be flying in U.S. airspace by 2015. "We want everybody to know that this technology will be handled safely and with the utmost respect to individuals' privacy," said Ben Gielow, the association's general counsel and government relations manager.
August 9, 1992
Paul MacCready has been elected to the board of directors of National Education Corp., an Irvine technical education and training company. MacCready, founder and chairman of AeroVironment Inc., an engineering services and think-tank organization in Southern California, was designated engineer of the century by the American Society of Mechanical Engineers.
November 26, 2013 |
Monrovia drone maker AeroVironment Inc. reported an 80% downturn in quarterly net income after a drop in military contracts for its small robotic aircraft. Net income for the 2014 second quarter was $1.7 million, or 7 cents a share. A year earlier, AeroVironment earned $8.7 million, or 40 cents. AeroVironment said revenue was $64.9 million in its fiscal first quarter. That's down 19.2% compared with $80.3 million last year. It is the fourth quarter in a row that revenue has dropped.
March 19, 2011 |
Monrovia-based technology company AeroVironment Inc. has struck a deal with Hawaii to install 320 electric charging docks throughout the state. The $820,000 deal is the latest in a string of key contracts for the company, which comes as more electric vehicles arrive to the marketplace and more states move to build an infrastructure to support them. "We're deploying practical solutions for a game-changing electric transportation ecosystem that will dramatically alter the vehicle refueling paradigm for drivers in Hawaii, the United States and the world," Mike Bissonette, senior vice president of AeroVironment's Efficient Energy Systems, said in a statement.
August 30, 1992
Tim Conver, president and chief operating officer, will take over the chief executive officer position from founder Paul MacCready, who will remain chairman. Michael Wynn, vice president of finance, will be chief financial officer. Cathleen Cline, director of human resources, will be vice president of administration. Eugene Lacey Jr., director of hazardous-waste programs, will be vice president with responsibility for environmental engineering.
December 8, 2010 |
AeroVironment Inc., hurt by higher costs and increased spending on research, said its second-quarter earnings plunged 88%. But the quarterly results for the company, which makes robotic aircraft and charging systems for electric vehicles, were better than what analysts expected. Most anticipated that the Monrovia company would post a loss. Earnings for the quarter ended Oct. 30 fell to $262,000, or 1 cent a share, from year-earlier profit of $2.2 million, or 10 cents a share.
January 12, 2011 |
Monrovia drone maker AeroVironment Inc. announced Tuesday that its massive robotic Global Observer aircraft successfully completed its first flight powered by a hydrogen-fueled propulsion system last week at Edwards Air Force Base. The milestone marked the beginning of high-altitude, long-endurance flight testing of the plane for the U.S. military. The company is developing the drone to stay aloft for a week at a time at a 65,000 feet ? vastly expanding the reach of military spy planes.
September 9, 2010 |
Despite an increase in sales of drones for the military, Monrovia-based AeroVironment Inc. posted a loss in its fiscal first quarter as it spent more on research and development of new robotic aircraft. The company posted a loss of $3.4 million, or 16 cents a share, compared with a loss of $3.6 million, or 17 cents, in the year-earlier period. The quarterly loss was better than what analysts expected. On average, analysts were anticipating a loss of 23 cents a share. In regular trading, AeroVironment shares rose slightly to $23.35 a share, up 25 cents.
March 20, 2011 |
The gig: Timothy E. Conver, 67, is chief executive of AeroVironment Inc., the Monrovia-based manufacturer of swarms of tiny robotic spy planes that are being launched into the skies over Afghanistan. Hot planes: Once thought to be high-tech toys for aviation enthusiasts, remote-controlled planes play a crucial role in modern warfare. There are thousands of AeroVironment planes in the war zone and 1,300 more in next year's Pentagon budget. The company is the nation's largest provider of small drones, which have names such as Raven, Wasp and Digital Puma.