VOUGHT DEFENSE SYSTEMS CORP
President and CEO, Edwin Salmon stated, "This is a major step for Vought in their endeavor to acquire and develop unique aerial and surveillance UAV's for the US and foreign militaries and the national security market. We are especially excited about the capabilities of CyberScout which has designed with the primary goal to be a small, configurable, and easily modifiable UAV aerial platform, which combines the VTOL, and the hovering capabilities of a helicopter with the high-speed forward capabilities of a fixed winged aircraft A secondary design objective was to "modularize" the major components of the aircraft to allow the platform to be optimally configured with different major components so that it can cost effectively meet varied mission requirements. This means that the CyberScout can "evolve" over time by incorporating new systems and technologies by easily upgrading major system components", http://www.cyberaerospace.com/?page_id=54.
About Vought Defense Systems Corp:
Vought Defense Systems Corp is a holding company whose intent is to acquire companies that are creating inexpensive and technically superior solutions to a growing 6 billion dollar a year worldwide market demand for UAV.
Safe Harbor Act Disclaimer: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
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