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Thursday, January 10, 2013

Swedish UAV ready for lift-off

Credit: CybAero AB

In December 2012 Swedish CybAero AB,  a company developing and manufacturing autonomous unmanned helicopters, has signed a strategic partnership agreement with the world's leading UAV company, AeroVironment Inc.
In January 2013 Swedish CybAero signed  a framework agreement contract with manufacturer PartnerTech AB, covering production and assembly of products and systems for CybAero AB.
The cooperation between CybAero and PartnerTech was initiated in 2012 and the now signed agreement covers PartnerTech’s combined expertise within electronics, mechanics and systems integration.  Production and assembly will initially mainly include PartnerTech’s unit in Åtvidaberg and other Swedish units. In the future the agreement may also entail development as well as production in PartnerTech’s other units globally. Revenue and first deliveries from this agreement is expected in the first quarter 2013.

The U.S. military UAV market is projected to grow at an 12% CAGR reaching $18.7 billion in 2018 according to a new report of Market Research Media Ltd. The report finds that the U.S. military UAV market will generate $86.5 Billion revenues over the period 2013 – 2018.

The U.S. military Unmanned Aerial Vehicles (UAV) market has witnessed a meteoric growth over the past decade. UAS development went through a quantum leap, from lab concept to battle-tested proven technology. Unmanned aerial vehicles (UAVs) have proven their worth in operations around the world. Unmanned Aerial Systems (UAS) are considered today a key component of U.S. defense transformation and an integral part of U.S. military doctrine.


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