February 24, 2014 |
Major U.S. weapon makers watched their shares tick upward in trading Monday after the announcement of the Pentagon's budget plan. Defense Secretary Chuck Hagel outlined details on the fiscal 2015 budget request, which shielded large, big-ticket programs and slashed older weapon systems. Largely untouched by the budget plan is the F-35 Joint Strike Fighter made by Lockheed Martin Corp. The nearly $400-billion program to buy 2,400 of the jets has been under development for more than a decade.
CALIFORNIA | LOCAL
February 28, 2013 |
Anticipating the day when drones will be a routine sight in California skies, lawmakers have proposed tax breaks to encourage companies to build the unmanned aircraft in this state and restrictions to protect the public from invasions of privacy. The Federal Aviation Administration is working on guidelines to allow the widespread flying of small drones in U.S. airspace starting in 2015, anticipating that law enforcement agencies and others may have 10,000 of the aircraft flying five years later, The Times reported recently.
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.
CALIFORNIA | LOCAL
January 8, 2014 |
SACRAMENTO - You might think that testing robotic aircraft for future civilian use would be a quintessential California enterprise. But not if you're a U.S. senator from the state. The governor's not exactly a cheerleader for the idea, either. California, after all, is where test pilots with "the right stuff" first broke the sound barrier. The state had a huge role in developing the space shuttle. It has been home to a huge aircraft industry. And we have plenty of open airspace over deserts, mountains and ocean.
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.
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.
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.
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.