This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AeroVironment And Eurocopter To Evaluate Potential Joint Opportunities For Expanding Their Product Portfolios, Markets And Capabilities

AeroVironment, Inc. (NASDAQ: AVAV), the world’s highest volume manufacturer of unmanned aircraft systems (UAS), and Eurocopter, the leading global helicopter manufacturer, today announced at the Association of the United States Army annual meeting that they have signed a cooperative agreement to explore opportunities for expanding their respective military and commercial product portfolios.

“The combination of AeroVironment’s market leading unmanned technology and unique knowledge with Eurocopter’s world-class helicopter and systems expertise makes a formidable team,” said Roy Minson, senior vice president and general manager of AeroVironment’s Unmanned Aircraft Systems business segment. “This cooperative agreement creates the opportunity for both companies to explore expanding into new markets and developing new capabilities to meet future customer needs.”

“AeroVironment’s extensive operational UAS experience in delivering to end-users reliable solutions working effectively in harsh operating environments makes us uniquely positioned to understand customers’ requirements and to determine future market trends,” said Clive Schley, Eurocopter’s senior vice president, strategy and company development. “This cooperation will be particularly valuable as Eurocopter defines its unmanned product strategy, building on the success of our first unmanned flights with the EC145 helicopter this year.”

AeroVironment developed the first hand-launched unmanned aircraft for military surveillance in 1987. Since that time, the company has won every U.S. Department of Defense competition for small UAS programs of record, and has delivered more than 20,000 new and replacement small unmanned air vehicles to customers within the United States and to more than 20 international governments. The company has also integrated its secure Digital Data Link communications architecture into air, sea and land vehicles, including manned and unmanned airplanes and helicopters, to enable control of its UAS from those platforms and provide access to the information they produce.

Eurocopter offers the most comprehensive civil and military helicopter range in the world, with more than 11,780 rotorcraft in service across 148 countries. Overall, Eurocopter helicopters account for 33 percent of the worldwide civil and parapublic fleet.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,068.76 -8.02 -0.39%
NASDAQ 4,991.94 -17.2740 -0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs