in Industry News, News
AeroVironment-SoftBank JV to Focus on High-Altitude, Long-Endurance UAS Development
Unmanned aircraft systems maker AeroVironment and Japan-based telecommunications company SoftBank have formed a joint venture to build a high-altitude, long-endurance UAS for commercial operations. HAPSMobile is 95 percent owned by SoftBank and 5 percent owned by AeroVironment, the latter company said Wednesday. AeroVironment will contribute $5 million in capital to secure 5 percent ownership of the joint venture, with the option to […] More