Aerostar has secured a subcontract with a value of $3.6 million for products to TCOM L.P. for the KSA Modified Persistent Surveillance Systems - Tethered (PSS-T) Large Systems in a deployed location under a Foreign Military Sales program with the U.S. Army.
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) has completed its acquisition of Raven Industries, Inc., a U.S.-based leader in precision agriculture technology. The acquisition builds upon a long partnership and is an important milestone in CNH Industrial's digital transformation.
Aerostar announced that Defense Innovation Unit (DIU) has awarded a contract to provide robust high-altitude capabilities for the U.S. Department of Defense. DIU is focused on exclusively fielding and scaling commercial technology for use across the U.S. military.
South Dakota Mines’ Department of Electrical Engineering has received $150,000 from Raven Industries (NASDAQ:RAVN) to support the university’s new minor in avionics. The gift endows a Raven Aerostar scholarship to support students in the avionics program. It also allows the department to buy equipment for improved design, test and prototyping capabilities for high-speed electronic circuits needed in aircraft and space avionics applications.
Raven Industries (NASDAQ:RAVN) has acquired intellectual property (IP) and patents from Loon, LLC (formerly known as Project Loon), a subsidiary of Alphabet Inc. and the developer of an autonomous constellation of high-altitude balloons for communications. In January, Alphabet announced the wind down of Loon. The 176 assets acquired by Raven are directly related to stratospheric balloon technology, including balloon navigation, launching operations and balloon manufacturing.
Raven Industries (NASDAQ:RAVN) monitored major active wildfires via stratospheric balloon over the past several months, successfully demonstrating the use of stratospheric balloon technology for wildfire management.