Raven is a diversified technology company that embraces an integrated approach, where all operations support each other, sharing knowledge and best practices.
Raven was founded in Sioux Falls, SD, in 1956 as a manufacturer of high-altitude research balloons for NASA and the American space program. From that single product line, we evolved into a successful publicly traded corporation (RAVN:NASDAQ). We continue to solve great challenges through our high-quality, high-value products in areas of safety, feeding the world, energy dependence, and resource preservation. Today, Raven is represented by three businesses. VIDEO LINK
Applied Technology helps feed the world by providing electronic Global Positioning System (GPS) products and information management tools designed to reduce operating costs and improve yields for the global agriculture market. From field computers to planter and sprayer controls, and from GPS guidance steering systems to wireless technology, Raven is leading the way for precision ag technology that delivers in the field.
Engineered Films is an innovative manufacturer of high performance plastic films and sheeting to major markets throughout the United States and abroad. An important aspect of our business is producing engineered geomembranes that provide critical protection of environmental resources through containment linings and coverings serving the energy, agriculture, construction, environmental and industrial markets. Our modern 300,000 square foot facility contains state-of-the-art equipment including blown film & sheeting, lamination/coating and conversion capabilities in addition to an impressive testing and development facility.
Aerostar International, Inc. is a world leader in the design and manufacture of aerospace, surveillance technology, electronics and specialty sewn products. Aerostar has a rich history, saving lives through highly engineered tethered aerostats that are used in both government and commercial applications, including research, communications, surveillance and intelligence gathering. Aerostar’s quality product lines include tethered aerostats, high altitude scientific balloons and airships, protective wear, parachutes, marine navigation equipment and electronic manufacturing services. Aerostar International, Inc. is a wholly owned subsidiary of Raven Industries, Inc.
In 2012, Aerostar acquired Vista Research, Inc, a leading provider of radar processors using sophisticated algorithms to enhance surveillance capabilities. With corporate headquarters in Arlington, VA, Vista’s Smart Sensing Radar Systems (SSRS) are employed in a host of advanced detection and tracking applications.
Each business operates independently for maximum focus. At the corporate level, resources and support are provided for strategic planning and capital allocation, as well as staff support in the form of accounting and financial controls, information technology, credit and human resources. The goal is to maintain an efficient organizational structure that supports entrepreneurial leadership.
Mr. Rykhus became the company's President and Chief Executive Officer in 2010. He joined Raven in 1990 and held several positions including General Manager of the Applied Technology Division and Executive Vice President.
We can't grow profitably unless we are providing real value to our customers. If our costs are too high, we can't be competitive and profitable over the long haul. That's why we are committed to the continuous improvement of quality, cost and speed through process improvement. We have set forth the following financial goals:
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Effective 1 July 2012, Raven Industries has a Tobacco-Free Campus.