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June 29, 2014

Drone Aviation Receives DoD Sustainment Contract

Will Provide For Sustainment Of Equipment Purchased By The Defense Department To Support Ongoing Soldier Training And Rotational Exercises

Florida-based Drone Aviation ... a developer of specialized lighter-than-air aerostats and tethered drones ... has announced that Lighter Than Air Systems Corp. ("LTAS"), its wholly owned subsidiary, has received an award from U.S. Government prime contractor ADS Inc. ("ADS"). The award recognizes LTAS's sustainment kits that support the Government's "Blimp in a Box", BiB-250 tethered aerostat systems, which are currently stationed at U.S. Army Garrison Fort Polk.

Analyzes The Market Based On A Number Of Different Criteria

According to a new market research report published by MarketsandMarkets, the Aerostat Systems Market is projected to rise from $3.93 Billion in 2014 to $9.96 Billion by 2020, at an estimated CAGR (Compound Annual Growth Rate) of 16.68%.