CybAero will be switching to a new executive venue for its shares by moving to Nasdaq Stockholm from Nasdaq First North in 2016, the company said in a statement on Friday after a recent board meeting in this regard.
CybAero has experienced strong growth in recent years and the board considers the move to Nasdaq Stockholm a natural step in the company’s development, the company said.
“Interest in CybAero’s shares has increased over the past year from both private and institutional investors. Being listed on Nasdaq Stockholm serves as a quality seal for the company and simultaneously creates better conditions for more institutional investors to be a part of the company’s continuing growth,” says Mikael Hult, CEO of CybAero.
CybAero develops and manufactures high-quality, cost effective systems that enable clients to operate from the air without putting people and property at risk.
The systems, Remotely Piloted Aircraft Systems (RPAS), consist of remotely piloted helicopters, ground stations, sensors and data links. The systems can be adapted to the specific needs of each client and can be used for civilian applications, such as coastal and border surveillance and search and rescue missions, as well as for defense applications such as mapping.
The company was founded in 2003, although its foundations were laid as early as 1992 through research collaboration between Linköping University and the Swedish Defense Research Agency (FOI).
CybAero’s core business consists of proprietary systems based on expertise. CybAero delivers its systems directly to end users or to strategic partners.
CybAero announced today that it has been granted a temporary export license by ISP (Inspectorate of Strategic Products), a Swedish government agency, for demonstration flights in China. These demonstration flights will be jointly carried out with the Aviation Industry Corporation of China (AVIC) in April and May for selected potential clients
CybAero announced today that it has commenced factory testing for its three Unmanned Helicopter systems to be delivered to China Customs in January 2014. The systems are to be stationed on three new vessels China Customs will be commissioning in 2015
CybAero announced today that it has been selected by the Swedish Defense Materiel Administration (FMV) to conduct test and demonstration flights from Sweden's world-leading Visby class corvette in third quarter of 2015. Sweden-based CybAero was chosen ahead of other international competitors
CybAero and Indra entered into a co-development agreement in 2009 that included customization of CybAero's helicopter platform APID 60 to maritime end-uses, tailor-made for Indra's needs. The jointly developed system is being marketed by Indra under the Pelicano product name
First North-listed CybAero has received a positive preliminary decision from ISP (the Swedish Agency for Non-Proliferation and Export Controls) for its application to export to a Chinese commercial end customer. In July 2014, CybAero signed a framework agreement with Chinese company AVIC for the delivery of at least 70 helicopter systems in total within the next eight years
Subversive Capital has acquired the remainder of AeroVironment's CybAero holding. "We are delighted that Subversive Capital decided to become a major shareholder of CybAero and we look forward to working closely with them," said CybAero CEO Mikael Hult in a statement Thrusday
CybAero has delivered the first remotely piloted helicopter system to Aviation Industry Corporation of China (AVIC) after extensive flight trials and factory testing. CybAero announced today that Factory testing and test flights were conducted in the latter half of June in collaboration with representatives of AVIC and CybAero's distributor ACC
A subsidiary of BAE systems has been charged by the US Department of Justice (DoJ) for overcharging $20 million in a contract to build 20,000 military trucks for the US Army, Reuters Reported Saturday. Texas based subsidiary, BAE Systems Tactical Systems LP is accused of inflating the cost of parts and materials during contract negotiations with the US army, the department of Justice said on Friday
Russia To Soon Test MC-21 Jet Powered By PD-14 Engine
Denmark to Integrate Kongsberg's Protector RWS On Piranha Military Vehicles
California to get three S-70i FIREHAWKS
Russian "Spy" Ship Receives Panama Canal Permit Following Brief Blockade
Germany To Finalise Order for 38 Eurofighter Jets, 110 E-Scan Radars
Turkish Navy to get First Indigenous Aircraft Carrier in 2020
Bechtel Bags US Navy's $1.4Bn Naval Nuclear Propulsion Components Contract
Indian Air Force to Buy 83 Tejas Jets by March 2020
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...