at Defense Expo – AeroVironment,
Inc. (NASDAQ:AVAV), a leader in unmanned aircraft system solutions,
and the Lockheed
Martin Corporation (NYSE:LMT), one of the world’s largest aerospace
companies and a leading systems integrator, today announced an agreement
to jointly pursue opportunities in unmanned aircraft system (UAS)
development.
Lockheed Martin Corporation and AeroVironment agree to pursue international opportunities for AeroVironment's Global Observer high altitude long endurance unmanned aircraft system. (Photo: Business Wire)
“At Lockheed Martin, we look forward to partnering with AeroVironment to
potentially develop integrated solutions for the unmanned systems
market,” said Paul Lemmo, Lockheed Martin senior vice president,
corporate strategy and business development. “Using our expertise in
systems integration and AeroVironment’s knowledge of unmanned aircraft
solutions, we will together look for opportunities to develop innovative
technologies that create value for new and existing customers.”
“Numerous customers are seeking persistent solutions for wide area
applications, such as border surveillance and communications, that are
much more affordable than those available previously," said Roy Minson,
AeroVironment senior vice president and general manager of its Unmanned
Aircraft Systems business segment. "Lockheed Martin’s broad systems
integration expertise gives us the opportunity to work together and
develop innovative, end-to-end atmospheric satellite systems built
around Global Observer that deliver breakthrough capabilities to
customers.”
About the Lockheed Martin Corporation
Lockheed Martin designs, develops, produces, supports and sustains a
wide variety of manned and unmanned systems that span Group 1 to Group 5
unmanned aircraft systems along with a wide range of subsystems
including: EO, IR, laser and EW payloads; and a family of Ground Control
Systems (GCS) such as One System GCS, Common GCS, Mobile GCS and
Expeditionary GCS.
Headquartered in Bethesda, Md., Lockheed Martin is a global security and
aerospace company that employs approximately 115,000 people worldwide
and is principally engaged in the research, design, development,
manufacture, integration and sustainment of advanced technology systems,
products and services. The Corporation’s net sales for 2013 were $45.4
billion.
About AeroVironment, Inc.
AeroVironment is a technology solutions provider that designs, develops,
produces, supports and operates an advanced portfolio of Unmanned
Aircraft Systems (UAS) and electric transportation solutions.
Agencies of the U.S. Department of Defense and allied military services
use the company’s electric-powered, hand-launched
unmanned aircraft systems extensively to provide situational
awareness to tactical operating units through real-time, airborne
reconnaissance, surveillance and communication. Multiple government
agencies helped to fund the development and demonstration of Global
Observer®, a hybrid-electric,
stratospheric UAS designed to provide affordable, persistent
reconnaissance and communication over any location on the globe.
AeroVironment’s electric transportation solutions include a
comprehensive suite of electric
vehicle (EV) charging systems, installation and network services for
consumers, automakers, utilities and government agencies, power
cycling and test systems for EV developers and industrial
electric vehicle charging systems for commercial fleets. More
information about AeroVironment is available at www.avinc.com.
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