MONROVIA, Calif. _ AeroVironment Inc. on Tuesday reported fiscal fourth-quarter net income of $7.1 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. AeroVironment expects full-year revenue in the range of $260 million to $280 million.
"The agency expects the new policy will allow companies and individuals who want to use UAS within these limitations to start flying much more quickly than before," the FAA said in a release. An FAA official told Reuters it would eventually benefit companies still seeking aircraft approval including Yamaha Motor Co Ltd, AeroVironment Inc and General Atomics.
WASHINGTON, Jan 16- India may buy unmanned aerial vehicles, or drones, from other countries if the United States does not ease current export restrictions on such aircraft, a key Democratic senator said on Friday. Senator Mark Warner of Virginia, who will join President Barack Obama during a trip to India on Jan. 26, said he was concerned that other countries could...
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