CybAero is an aerospace

Aerospace

Aerospace comprises the atmosphere of Earth and surrounding space. Typically the term is used to refer to the industry that researches, designs, manufactures, operates, and maintains vehicles moving through air and space...

 company industry based in Sweden

Sweden

Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

. The company is a public company traded on First North

First North

First North is a division of OMX and an alternative stock exchange for smaller companies in the Nordic Countries. The market place Nya Marknaden in Stockholm changed name to First North in June 2006 and the First North exchange expanded to the stock exchange on Iceland in January 2007 and Helsinki...

 on Stockholm Stock Exchange

Stockholm Stock Exchange

The Stockholm Stock Exchange is a stock exchange located in Stockholm, Sweden. Founded in 1863 it is the primary securities exchange of the Nordic Countries....

.

History

The company was founded in 2003, and is based on research initiated in 1992 by FOA at Linköping University

Linköping University

Linköping University is a state university in Linköping, Sweden. Linköping University was granted full university status in 1975 and is now one of Sweden's larger academic institutions. Education, research and PhD training are the mission of four faculties: Arts and Sciences, Educational...

. The company develops and sells Unmanned Aerial Vehicles (UAVs). The benefits of UAVs is that the risk of losing pilots on dangerous missions disappear. Moreover, regardless of the weather and visibility distance, the craft are lighter and more fuel efficient and require only a limited start and landing aera.

CybAero is headquartered in the Nordic region's leading aeronautics town, Linköping

Linköping

Linköping is a city in southern middle Sweden, with 104 232 inhabitants in 2010. It is the seat of Linköping Municipality with 146 736 inhabitants and the capital of Östergötland County...

. The city is notably home to the Swedish military helicopter squadron and to Saab development and production. Research and development is conducted in part with other companies and research institutions. So far, the project has been financed by various development programs. Some projects have also been received from potential customers. CybAero today employs 17 people at headquarters in Linköping, at their foreign office in Abu Dhabi, United Arab Emirates and in Stamford Connecticut, USA.

The company has received orders for delivery of seven aircraft to the United Arab Emirates military.

Milestones

• On January 8, 2008 APID 55 performed the first flight of a UAV in the capital of Sweden, Stockholm. This was a historic event on a historic place as Gärdet was the place where the first Swedish flight took place.
• In February, 2008 The first flight with the NRL Cybaero joint venture UAV called Vantage was performed near Washington DC.
• In October, 2009 CybAero signes a teaming agreement with Indra.