October 24, 2014 11:29 AM ET

Aerospace and Defense

Company Overview of Lighter Than Air Systems Corporation

Company Overview

Lighter Than Air Systems Corp. provides aerial and land- based surveillance and communications solutions to government and commercial customers in the United States. The company offers telescoping and pneumatic masts, TDAP aerial drones, aerostat systems, and surveillance trailers, as well as telescoping poles and balloons. It offers its products for homeland security, military, and research applications. The company was founded in 2009 and is based in Jacksonville, Florida. As of May 5, 2014, Lighter Than Air Systems Corporation operates as a subsidiary of Drone Aviation Corp.

11653 Central Parkway

Suite 209

Jacksonville, FL 32224

United States

Founded in 2009

Key Executives for Lighter Than Air Systems Corporation

Lighter Than Air Systems Corporation does not have any Key Executives recorded.

Lighter Than Air Systems Corporation Key Developments

Lighter Than Air Systems Enters into Distributor Agreement with U.S. Government Prime Contractor ADS

Lighter Than Air Systems Corp. entered into a distributor agreement with U.S. Government prime contractor ADS Inc. to distribute Blimp in a Box(TM) aerostat systems and related sustainment equipment. ADS is in the business of selling operational and tactical equipment to or for use by customers such as the United States Government and its various agencies and departments and other non commercial customers. ADS customers include the U.S. military, Federal agencies, defense contractors, law enforcement & public safety, fire & emergency services, and foreign military and governments. LTAS developed and manufactures the BiB aerostat product line. The BiBs are intended to provide semi-persistent, mobile intelligence, surveillance, and reconnaissance ("ISR") for various applications. Each BiB system can provide low cost, mobile ISR for days, weeks or months with the BiB only requiring a 15 minute recovery and re-launch between top-off every 24-36 hours.

Lighter Than Air Systems Corp. Receives Order for Blimp in A Box Sustainment Equipment to Support the U.S. Army

Lighter Than Air Systems Corp. announced that it has received an order from prime defense contractor A-T Solutions Inc. for sustainment equipment related to its Blimp in a Box aerostat systems. The BiB related components are to be delivered and installed in staged shipments beginning immediately and to be completed within 30 days. The sustainment equipment will be used to support the training and evaluation exercises taking place at the U.S. Army Garrison in Fort Polk, Louisiana. The two LTAS BiB aerostat systems currently in use at the Army's base at Fort Polk were delivered earlier this year under a contract award from the United States Department of Defense which included on-location support, installation and training for the BiB systems. The BiBs are intended to provide semi-persistent, mobile intelligence, surveillance, and reconnaissance at the platoon level.

U.S. Army's Network Integration Experiment to Use Lighter Than Air Systems Corporation's Aerostat Platforms

Aerostat platforms provided by Lighter Than Air Systems Corporation will be used in the U.S. Army's Network Integration Experiment ("NIE") 14.1 set to take place at the U.S. Army White Sands Missile Range in New Mexico during October and November. The two complete, turn-key trailer-mounted aerostat launcher systems previously delivered to the U.S. Army Space and Missile Defense Command ("SMDC") enable persistent, on-demand beyond-line-of-sight communications in support of ground forces maneuvers. The NIE is a series of semi-annual, soldier-led evaluations designed to further integrate, mature and rapidly progress the Army's tactical communications network. NIE 14.1, the sixth in the series of semi-annual field exercises, will focus on balancing the live, virtual and constructive mix of communications to achieve a higher-quality evaluation of existing and prototype products in a cost-constrained environment. NIE serves as a principal driver of change in the Army -- such in-field evaluation and integration events drive requirements, field recommendations and procurement.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 8, 2014
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