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Raven announced it has received a United States patent for its Hawkeye® Nozzle Control System: U.S. Patent No. 9,781,916. The patent was granted to Raven for the Hawkeye system’s new, innovative methods of applying chemicals to the field, including smart nozzles located on the boom of the sprayer and the communication between those nozzles and the Hawkeye electronic control unit.

Raven announced today that Rick Parod has been appointed to the Company’s Board of Directors effective immediately. Mr. Parod served as President, Chief Executive Officer, and Director of Lindsay Corporation (NYSE:LNN) from 2000 until his retirement in December 2017. During his tenure, he led the global expansion of the company by establishing an international footprint, executing strategic acquisitions, and leading the development of several new products and technologies.

Raven announced today that its board of directors approved $25 million in stock repurchase authorization. With this additional authorization, the company will have approximately $28 million remaining in its stock repurchase program. The board today also approved a regular quarterly cash dividend of 13 cents per share. The dividend is payable January 26, 2018, to shareholders of record on January 12, 2018.

Each day, team members at Raven strive to be outstanding in Quality, Service, Innovation, and Peak Performance. Chris Pederson, Shipping & Receiving Coordinator for Raven Aerostar, is December’s spotlight winner in the category of Service.