AeroVironment Pursues Increased Commercial Business

By Marjorie Censer / July 2, 2015 at 1:53 PM
AeroVironment, seeking to boost its sales outside the government, is developing a small unmanned aircraft for the commercial market and readying analytics and software to pair with it. During a call with analysts this week, Tim Conver, AeroVironment's chief executive, said the company has used its military-focused unmanned aircraft as an entry into working with commercial customers, but plans to change that business model. "Our team has substantial innovation capacity and is developing a compelling small UAS platform for broad...

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