Raven was founded in Sioux Falls, SD, in 1956 as a manufacturer of high-altitude research balloons for the American space program to help solve a great challenge in space exploration. From that single product line, we grew 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 independence, and resource preservation.
We Solve Great Challenges
Today, Raven is represented by three business segments:
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. [more]
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 film and sheeting that provides 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 and sheeting, lamination/coating and conversion capabilities in addition to an impressive accredited testing and development facility. [more]
Aerostar has a proven history of successful design, manufacture and integration of tethered aerostats, aerospace platforms, Vista radar systems and surveillance solutions, providing complete situational awareness for a multitude of needs. The company is dedicated to providing highly technical and groundbreaking technology that will solve great challenges and delivering life-saving solutions for critical missions that can change the world.
In 2012, Aerostar acquired Vista Research based in Arlington, VA. Vista Research has a national reputation for quality work in the development of systems incorporating remote sensing and signal processing techniques. Vista’s Smart Sensor Radar Systems (SSRS) provide a reliable, cost-effective solution for early detection of defined targets and their movement over land and water. [more]
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 and human resources. The goal is to maintain an efficient organizational structure that supports entrepreneurial leadership.
OUR FINANCIAL GOALS
We are committed to the continuous improvement of quality, cost and speed through process improvement. We have set forth the following financial goals:
- Grow sales annually by 10 – 15%.
- Grow earnings per share by 10 – 15%.
- Achieve a minimum return on equity of 20%; return on assets of 18%; and return on sales of 10%.
- Pay a dividend of approximately 30% of earnings, and grow the dividend every year.