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Stock Market & Financial Investment News

News Breaks
February 12, 2013
12:38 EDTAVAVArmy units seeking many more AeroVironment Switchblades, Defense News says
U.S. commanders in Afghanistan have requested "dramatically" more Switchblade aerial munition systems, which are made by AeroVironment (AVAV), according to Defense News, which cited a statement by Col. Pete Newell, the director of the Rapid Equipping Force in Afghanistan. The Army is considering the request, the website reported. Reference Link
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February 15, 2015
16:45 EDTAVAVFAA proposes new rules for commercial operation of drones in U.S
The Department of Transportationís Federal Aviation Administration proposed a framework of regulations that would allow routine use of certain small unmanned aircraft systems, UAS, in todayís aviation system, while maintaining flexibility to accommodate future technological innovations. The FAA proposal offers safety rules for small UAS, under 55 pounds, conducting non-recreational operations. The rule would limit flights to daylight and visual-line-of-sight operations. It also addresses height restrictions, operator certification, optional use of a visual observer, aircraft registration and marking, and operational limits. Publicly traded companies in the space include General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), AeroVironment (AVAV), SAIC (SAIC), Textron (TXT), Amazon.com (AMZN) and GoPro (GPRO). Reference Link

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