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Wahid Nawabi, managing director of AeroVironment Inc., with a drone from Mars.
AeroVironment Inc. develops a helicopter drone that will fly on Mars.
Contributions from the unmanned aerospace company of Monrovia to Mars drone include the design and development of the airframe and main subsystems of the helicopter, including rotor, blades, hub and the control mechanism. AeroVironment develops, manufactures and tests its drones at Simi Valley.
The company develops the Mars drone jointly with NASA's propulsion laboratory at La Cañada-Flintridge
In addition, the company has developed and built high-performance light-duty propulsion engines, power electronics, trains landing, "AeroVironment's deep, rich and diverse history of innovation combined with our experience with short-range aircraft like Pathfinder and Helios make us particularly suited to collaborating with NASA." . and JPL on this historic interplanetary company, "said general manager Wahid Nawabi in a statement.
The company also announced that it had concluded on Tuesday the sale of its energy efficient systems business to Webasto Charging Systems Inc. for $ 32 million in cash, including a $ 6.5 million withholding tax that will be paid upon receipt of certain approvals and consents commercial customers.
"We are pioneers and leaders in small systems of 39 unmanned aircraft and tactical missile systems for defense markets, and high-altitude pseudo-satellites and commercial information solutions for commercial markets, "Nawabi said in a statement. . "We are focused entirely on creating value for our shareholders through the effective execution of our strategy on these promising opportunities."
AeroViroment shares closed Thursday up $ 1.84, up more than 2% to $ 72.06 on the Nasdaq.
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