Leading navy and industrial drone firm AeroVironment, Inc. introduced a brand new product in the present day – as The Drone Girl Sally French, writing for MarketWatch, factors out that the corporate’s inventory has doubled within the final yr.
The new product is long-range monitoring antenna (LRTA) for its Puma™ AE unmanned plane system. “The critical upgrade extends the range of Puma systems equipped with AeroVironment’s secure Digital Data Link (DDL™) technology to approximately 60 kilometers (37.28 miles), significantly boosting Puma AE’s intelligence, surveillance and reconnaissance (ISR) capabilities and enhancing warfighter safety,” says the announcement.
While the PUMA is targeted on the navy market, AeroVironment is among the drone producers actively shifting into the industrial area. The firm affords some merchandise designed particularly for navy personnel within the area – however many translate effectively into the economic enterprise, and the corporate has expanded into different verticals, together with agriculture. Steve Gitlin, AeroVironment’s VP Corporate Strategy, Communications and Investor Relations advised DRONELIFE in an interview final spring that the corporate is a know-how firm. “When we first developed the hand-launched UAV for reconnaissance in 1986, we knew that this could be used across a broad range of industries,” says Gitlin. “We also knew that the government would be the most likely early adopter.”
AeroVironment’s navy buyer base spans the globe, and their industrial presence is turning into a big drive within the business. In the final yr, the corporate has been within the press virtually constantly – each for brand spanking new navy primarily based options and for analysis in agriculture and energy line inspections. Investors appear optimistic that enthusiasm and progress will proceed: shares, stories French, are “up 81% this year and 102% in the past 12 months. That was boosted by a 9% rally after AeroVironment reported better-than-expected first-quarter earnings last month.” A variety of components are contributing to AeroVironment’s success: new merchandise, navy demand, and a robust entrance into the industrial market. That is their benefit: having each a navy and industrial market to faucet could present the proper accelerator for AeroVironment.