18-Mar-2010 Source: Vought
Vought Defense Systems Corp. (Other OTC: VDSC) announced today that it has signed a contract to acquire 100% of the issued and outstanding stock of Cyber Aerospace, LLC, which is a designer and manufacturer of Unmanned Aerial Systems which has provides services to law enforcement, military and commercial operation globally. Cyber Aerospace owns and operatesÂ http://www.cyberaerospace.com
President and CEO, Edwin Salmon stated, “This is a major step for Vought in their endeavor to acquire and develop unique aerial and surveillance UAV’s for the US and foreign militaries and the national security market. We are especially excited about the capabilities of CyberScout which has designed with the primary goal to be a small, configurable, and easily modifiable UAV aerial platform, which combines the VTOL, and the hovering capabilities of a helicopter with the high-speed forward capabilities of a fixed winged aircraft A secondary design objective was to “modularize” the major components of the aircraft to allow the platform to be optimally configured with different major components so that it can cost effectively meet varied mission requirements. This means that the CyberScout can “evolve” over time by incorporating new systems and technologies by easily upgrading major system components”,http://www.cyberaerospace.com/?page_id=54.
About Vought Defense Systems Corp:
Vought Defense Systems Corp is a holding company whose intent is to acquire companies that are creating inexpensive and technically superior solutions to a growing 6 billion dollar a year worldwide market demand for UAV.
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