Raven Industries 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 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. Today, Raven is represented by three businesses.
Applied Technology Division 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 Division 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. [more]
Aerostar Division 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. [more]
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 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.