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Business/Financial

AeroVironment Invests In Small UAS Firm To Offer Tier II Unmanned Aircraft

Defense Daily Staff

Wednesday, December 5th, 2012

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AeroVironment [AVAV], a developer and manufacturer of small unmanned aircraft systems (UAS) that can be hand-launched, this week said it has made a $3 million investment in the Swedish UAV firm CybAero AB, a deal that gives it exclusive rights to offer larger vertical takeoff and landing (VTOL) UAS in the United States, NATO and other countries to meet market demand. California-based AeroVironment will invest up to $3 million in CybAero convertible notes. The U.S. company makes man-portable and hand-launched…

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