Blimp-in-a-box contract causes acquisition

Global Telesat Corporation (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 systems is packaged in a crate, mounted to a trailer, and can be rapidly deployed within minutes by a two man crew.

Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.

Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.