AeroVironment, Inc. AVAV today announced it has entered into a
strategic relationship with Sweden-based CybAero AB CBA to
develop and distribute a Tier II vertical takeoff and landing (VTOL) unmanned
aircraft system in response to unmet requirements from multiple customers. The
relationship gives AeroVironment exclusive rights to provide CybAero AB
systems to United States customers and to government customers in NATO and
other countries. AeroVironment has agreed to purchase up to $3 million in
convertible notes from CybAero to facilitate the company's growth.
United States military customers typically segment the numerous types of
unmanned aircraft systems they employ by size, weight, endurance and range
into different tiers. Man-portable, hand-launched systems such as
AeroVironment's RQ-11B Raven^®, RQ-20A Puma^® AE and Wasp^® AE that weight
less than 20 pounds comprise the Tier I segment. Tier II UAS include heavier,
larger and longer endurance systems with longer range, such as CybAero's VTOL
offering. Tiers III and IV include air vehicles of increasing size, capable of
even longer endurance and range and requiring larger support teams and
infrastructure requirements.
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