We design, develop, produce, support and operate a technologically-advanced
portfolio of products and services for government agencies, businesses and consumers.
We supply unmanned aircraft systems, or UAS, tactical missile systems and related
services primarily to organizations within the U.S. Department of Defense, or
DoD. We also supply charging systems and services for electric vehicles, or
EVs, and power cycling and test systems to commercial, consumer and government
customers. We derive the majority of our revenue from these business areas and
we believe that the markets for these solutions have significant growth potential.
Additionally, we believe that some of the innovative potential products and
services in our research and development pipeline will emerge as new growth
platforms in the future, creating additional market opportunities.
Our success with current products and services stems from our investment in
research and development and our ability to invent and deliver advanced solutions,
utilizing proprietary and commercially available technologies, to help our government,
commercial and consumer customers operate more effectively and efficiently.
We develop these highly innovative solutions by working very closely with our
key customers in each segment of our business to solve their most important
challenges related to our areas of expertise. Our core technological capabilities,
developed through more than 40 years of innovation, include lightweight aerostructures;
power electronics; electric propulsion systems; efficient electric power generation,
conversion, and storage systems; high-density energy packaging; miniaturization;
digital data links or DDL; aircraft sensors; controls integration; and systems
integration and engineering optimization, hybrid propulsion, vertical takeoff
fixed wing flight and autonomy, each coupled with professional field service
capabilities.
Our UAS business segment focuses primarily on the design, development, production,
marketing, support and operation of innovative UAS and tactical missile systems
and the delivery of UAS-related services that provide situational awareness,
remote sensing, multi-band communications, force protection and other information
and mission effects to increase the safety and effectiveness of our customers
operations. Our Efficient Energy Systems, or EES, business segment focuses primarily
on the design, development, production, marketing, support and operation of
innovative efficient electric energy systems that address the growing demand
for electric transportation solutions.
As a technology solutions provider, our strategy is to develop innovative,
safe and reliable new solutions that provide customers with valuable benefits
and enable us to create new markets or market segments, gain market share and
grow as market adoption increases. We believe that by introducing new solutions
that provide customers with compelling value we are able to create new markets
or market segments and then grow our positions within those markets or market
segments profitably, instead of entering existing markets and competing against
large, incumbent competitors that may possess advantages in scope, scale, resources
and relationships.
We intend to grow our business by maintaining market leadership in UAS, tactical
missile systems, electric vehicle charging systems and power cycling and test
systems, and by creating new solutions that enable us to create and lead new
markets.
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