Profile: Raven Industries Inc (RAVN.O)
Raven Industries, Inc., incorporated in February 1956, is an industrial manufacturer providing a variety of products. The Company markets its products worldwide and has its principal operations in the United States of America. It operates in four segments: Applied Technology Division, Engineered Films Division, Aerostar Division and Electronic Systems Division. The Applied Technology Division designs, manufactures, sells, and services precision agriculture products and information management tools. Its Engineered Films Division is a manufacturer and supplier of flexible films and sheeting. The Aerostar Division sells high-altitude research balloons and tethered aerostats for government and commercial research. The Electronic Systems Division is a total solution provider of contract electronic manufacturing services primarily for low volume/high mix industrial products. In January 2012, its Aerostar division acquired Vista Research, Inc. (Vista).
The Applied Technology product families include field computers, application controls, global positioning system (GPS)-guidance and assisted-steering systems, automatic boom controls, yield monitoring planter controls and an integrated real time kinematic (RTK) and information platform called Slingshot. It has made investments in Site-Specific Technology Development Group, Inc. (SST), which is a software company. Applied Technology sells their precision agriculture control products to both original equipment manufacturers (OEMs) and through after market distribution, in the United States and in most agriculture areas worldwide. The division has personnel and distribution representatives located in the United States and key geographic areas worldwide, including Canada, Europe, the former Soviet Republics, South Africa, South America, Australia, and China.
The Engineered Films Division produces rugged reinforced plastic sheeting for industrial, energy, construction, geomembrane, environmental and agricultural applications. The Company's sales force sells plastic sheeting to independent third-party distributors in each of the various markets it serves. Its brands include VaporBlock, Fortress Pro and FeedFresh.
The Company produces military parachutes, uniforms and protective wear for the United States government agencies and as a subcontractor. It also manufactures other sewn and sealed products on a contract basis. High-altitude research balloons are sold directly to government agencies (usually funded by the National Aeronautics and Space Administration) or commercial users. Aerostar is the only balloon supplier for high-altitude research in the United States. Vista is a provider of surveillance systems. During the fiscal year ended January 31, 2012 (fiscal 2012), Aerostar expanded its business through a business venture and acquisition. The business venture, Aerostar Integrated Systems, is 75% owned by Aerostar.
The Company has focused this segment's capabilities in electronics manufacturing services (EMS) for commercial customers with a focus on high-mix, low-volume production. Assemblies manufactured by the Electronic Systems segment include avionics, secure communication, environmental controls and other products.
Raven Industries Inc
205 East 6th Street,
P.O. Box 5107
SIOUX FALLS SD 57117