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.
Last week, Raven joined the local aerospace community for Sioux Falls Airshow’s Discover Aviation Day, a day filled with fun and interactive activities for kids of all ages! As the premier sponsor of this event, Raven showcased our commitment to STEM and the future of aerospace.
The 2021 Discover Aviation Day will be Thursday, August 5, 2021, from 10am to 4pm at Maverick Air Center located at 4201 Maverick Place, Sioux Falls, SD 57104. This is an annual event put on by the Sioux Falls Airshow Committee, sponsored this year by Raven Industries.