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Blimp-in-a-box contract causes acquisition

By Frank Tobe | April 6, 2013

Global Telesat Corp (think Globalstar, inmarsat and Iridium), and Lighter Than Air Systems, were awarded a DoD contract to provide the Army with two Blimp-in-a-Box systems.

In order to fulfill that contract and to benefit from future collaborations of a similar nature, Lighter Than Air Systems agreed to be acquired in an almost all-stock transaction worth about $1 million by World Surveillance Group.

All three companies are Florida-based defense contractors.

Blimp-in-a-box is designed to provide real-time day/night high definition footage for ISR, IED detection, border security and other governmental and civilian uses. The system is packaged in a crate, mounted to a trailer, and can be rapidly deployed within minutes by a two man crew.

About The Author

Frank Tobe

Frank Tobe is the founder of The Robot Report and co-founder of ROBO Global which has developed a tracking index for the robotics industry, the ROBO Global™ Robotics & Automation Index. The index of ~90 companies in 13 sub-sectors tracks and captures the entire economic value of this global opportunity in robotics, automation and enabling technologies.

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