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AeroVironment in joint venture with Japan’s Softbank

Submit on Wednesday, January 3rd, 2018 22:57

AeroVironment, Inc. 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 programme up to a net maximum value of US$65,011,481.

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This entry was posted on Wednesday, January 3rd, 2018 at 10:57 pm and is filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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