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BRIEF: UAV maker Aeronautics signs $1b deal with Textron: AAI Corp. will market the tactical Orbiter mini-UAV to the US and other countries.

Sun. October 05, 2008; Posted: 03:38 PM
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Oct 05, 2008 (Globes - McClatchy-Tribune Information Services via COMTEX) -- TXT | Quote | Chart | News | PowerRating -- Aeronautics Defense Systems Ltd. has signed a cooperation agreement with Textron Inc. (NYSE: TXT | Quote | Chart | News | PowerRating) unit AAI Corporation to market Aeronautics' Orbiter Mini-unmanned aerial vehicle (UAV) to US and other countries. AAI also will manufacture the Orbiter mini-UAV at its Maryland headquarters for select programs. The agreement could generate up to $1 billion revenue for Aeronautics Defense Systems over ten years.

The battery-powered Orbiter MUAV is less than 40 inches in length and designed for intelligence, surveillance, and reconnaissance missions. It has an operational endurance of up to three hours, and a maximum altitude of 18,000 feet. It is designed for easy portability and operation by a two-man team in the field.

The Orbiter mini-UAV system is participating in an IDF procurement tender, and it is in use by the Polish and Irish militaries.

To see more of the Globes or to subscribe to the newspaper, go to http://www.globes.co.il. Copyright (c) 2008, Globes, Tel Aviv, Israel Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

For full details on Textron Inc (TXT) click here. Textron Inc (TXT) has Short Term PowerRatings of 5. Details on Textron Inc (TXT) Short Term PowerRatings is available at This Link.

    


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