ARLINGTON, Va. — (BUSINESS WIRE) — June 28, 2022 — AeroVironment, Inc.^[1] (NASDAQ: AVAV^[2]), a global leader in intelligent, multi-domain robotic systems, today reported financial results for the fourth quarter and fiscal year ended April 30, 2022.

Fourth Quarter and Fiscal Year Highlights

• Fourth quarter revenue of $132.6 million and record fiscal year 2022 revenues of $445.7 million, primarily due to higher service revenue and recent acquisitions, which more than offset sales declines in some product segments

• Fourth quarter gross margin of $48.6 million and $141.2 million for fiscal 2022

• Fourth quarter net income attributable to AeroVironment of $7.3 million, or $0.29 per diluted share

• Net loss attributable to AeroVironment for fiscal year 2022 of $4.2 million, or $(0.17) per diluted share

“Our team executed well in the fourth quarter enabling the Company to meet our guidance for fiscal 2022, despite ongoing macroeconomic challenges,” said Wahid Nawabi, AeroVironment president and chief executive officer. “We are confident that fiscal 2023 will be a solid organic growth year for the business.

“During the quarter, the Company continued to face supply chain constraints and a tight labor market, but several factors point to strengthening demand and an overall...

NEW YORK, June 28, 2022 — (PRNewswire) —S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for April 2022 show that home prices continue to increase across the U.S. More than 27 years of history are available for the data series and can be accessed in full by going tohttps://www.spglobal.com/spdji/en/index-family/indicators/sp-corelogic-case-shiller/^[1].

YEAR-OVER-YEAR

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 20.4% annual gain in April, down from 20.6% in the previous month. The 10-City Composite annual increase came in at 19.7%, up from 19.5% in the previous month. The 20-City Composite posted a 21.2% year-over-year gain, up from 21.1% in the previous month.

Tampa, Miami, and Phoenix reported the highest year-over-year gains among the 20 cities in April. Tampa led the way with a 35.8% year-over-year price increase, followed by Miami with a 33.3% increase, and Phoenix with a 31.3% increase. Nine of the 20 cities reported higher price increases in the year ending April 2022 versus the year ending March 2022. 

MONTH-OVER-MONTH

Before seasonal adjustment, the U.S. National Index posted a 2.1% month-over-month increase in April, while the 10-City and 20-City Composites posted...

LITTLE FALLS, N.J., June 28, 2022 — (PRNewswire) — Bantec, Inc. (OTCPINK: BANT^[1]) ("Bantec" or the "Company"), Bantec, Inc., a product and services company, announces that its subsidiary Drone USA received a purchase order from a State Police department to supply two ultra-high-tech drones plus accessories.

Michael Bannon, Bantec's Chairman and CEO said: "this is by far our largest Drone PO to date.  This department was looking for ultra-high-tech drones with specific mapping and night vision capabilities, one-hour of maximum flight time, Lidar, and night vision zoom capable cameras. The drones we are supplying the department are well suited for search and rescue and/or perpetrator location and identification missions. As the police and fire drone market grows, we are looking into creating a drone franchise opportunity.  We believe that this makes good business sense and will increase revenue in 2022 and beyond. 

About Drone USA

Drone USA offers full-service drone consulting, from helping you purchase the right UAVs and accessories, to getting you trained, practiced, and licensed. Whether you're a private security team, police force, or government department, our huge selection of drone technology and training programs will ensure that...

Stevenage, 28 June 2022 - Airbus has been awarded a €160M contract for the European Space Agency’s (ESA) FORUM satellite to measure heat emitted from the Earth into space. FORUM, short for Far-infrared Outgoing Radiation Understanding and Monitoring, will be the first satellite to observe Earth in the far-infrared part of the spectrum, providing unique measurements of the Earth’s outgoing energy to help improve understanding of the climate system. 

Measurements from FORUM’s spectrometer will enable scientists to compile a high resolution view of the Earth’s greenhouse effect and the properties of ice clouds and water vapour in the atmosphere. Airbus is mission prime with OHB providing the instrument.

Jean-Marc Nasr, Head of Airbus Space Systems said: “This critical Earth observation mission to measure infrared radiation from the Earth for the first time, will give scientists and climatologists the data they need to improve their global warming forecasts.

“It builds on Airbus’ heritage in designing and manufacturing cost efficient small Earth observation missions including Sentinel-5P and is the sixth Airbus primed Earth Explorer mission for the European Space Agency.”

Science Minister George Freeman said: “This important new mission to further improve the accuracy of climate forecasts and view our planet through new eyes is another illustration of UK space tech expertise. Scientists at Imperial...

• Drone manufacturer Quantum-Systems relies on Liebherr’s experience, when it comes to the manufacturing of electronics for the autopilot and motor controller
• Liebherr’s Components product segment in Lindau carries out the procurement, manufacturing, testing and assembly of the electronic components
• Quantum-Systems and Liebherr plan to further expand their cooperation

The Munich-based drone manufacturer Quantum-Systems relies on Liebherr’s Electronics Manufacturing Services (EMS). In future, Liebherr’s Components product segment will manufacture the Quantum-Skynode autopilot and the motor controller for the “Vector” and “Scorpion” unmanned aerial systems in Lindau (Germany). Quantum-Systems drones are used worldwide for mapping, surveying and reconnaissance applications.

Nussbaumen (Switzerland), 28 June, 2022 – The EMS order by Quantum-Systems does not only include the procurement of components and production of electronics, but also the assembly of components for the autopilot. Comprehensive testing services accompany the manufacturing processes and ensure high product quality.

Liebherr electronics on board: The “Vector” drone by Quantum-Systems is optimised for autonomous missions in mapping, surveying and reconnaissance applications.

“In Liebherr we have found an ideal electronics partner for our drones. Liebherr’s decades of experience in the production of high-quality aerospace electronics flows directly into our products. This is an essential element for the performance of our drones, especially for operations in adverse environmental conditions with extreme temperatures,” says Florian...

• HERE helps car manufacturers comply with the latest updates to New Car Assessment Programs (NCAP) in Europe and Australia by combining speed limit information, detailed features of the road network and hazard warning services.
• By enabling car manufacturers to improve their speed assistance system, HERE makes it possible to achieve higher NCAP scores and vehicle star ratings.
• This offering is available for vehicles with and without onboard navigation systems, across all segments, including entry-level vehicles.

Amsterdam & Melbourne – HERE Technologies^[1], the leading location data and technology platform, today announced its further commitment to improving the safety of road users by helping global car manufacturers reach higher New Car Assessment Program (NCAP) scores with a tailored set of location-based products.

According to the World Bank^[1], 1.3 million people die each year as a result of road traffic crashes. Between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury. An increase in average speed is directly related both to the likelihood of a crash occurring and to the severity of the consequences of the crash. For example, every 1% increase in mean speed...

LOS ALAMITOS, Calif., June 27, 2022 — (PRNewswire) — With a space-saving design to fit into office spaces and production environments previously not possible, Epson today announced availability of the newSureColor^® T7770D^[1]44-inch dual roll printer. Featuring an innovative, compact design, the technical printer is the first available model in the new line of production-classSureColor T-Series^[2]wide-format printing solutions designed to meet the complex and demanding needs of technical and production printing environments.

DETROIT, June 27, 2022 (GLOBE NEWSWIRE) -- MissionGO Unmanned Systems^[1], a global leader in uncrewed aircraft systems (UAS) production and operations, and Airspace Link^[2], a leading UAS technology and infrastructure company, teamed up for Michigan’s first real-world cargo delivery operations via UAS. Working in collaboration with Beaumont Health Spectrum Health (BHSH)^[3], Michigan Economic Development Corporation (MEDC)^[4], NextEnergy^[5], and metropolitan Detroit community leaders, MissionGO and Airspace Link announced today the completion of a successful 10-day flight operation showcasing a real-world UAS transportation program in Southeast Michigan.

Flight operations occurred in two separate locations. The first was at Taylor Medical Center, simulating UAS synergies at a hospital center. The second across a one-mile stretch of railroad tracks between Beaumont Wellness Center and the Big Rock Parking Deck. The second location showcased real-world viable UAS transport through multiple deliveries each day of operations and also was used to compare several agents against ground transport such as time, carbon emissions, damage to contents, etc. Once compiled and finalized, the results of this study will be released at a later date.

“This 10-day operation was just Phase I of what is promising to be an incredibly innovative future for Southeast Michigan and for UAS cargo deliveries as a whole,” says...