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AeroVironment JV for solar-powered drone systems

Published 01/03/2018, 10:05 AM
© Reuters.  AeroVironment JV for solar-powered drone systems
AVAV
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  • AeroVironment (NASDAQ:AVAV) has announced the formation of a joint venture to develop solar-powered high-altitude long-endurance, or HALE, UAS for commercial operations.
  • This category of UAS is also referred to as high-altitude pseudo-satellites, or HAPS.
  • The joint venture will fund the development program up to a net maximum value of $65M.


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