Theiss Aviation
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Theiss Aviation
Theiss UAV Solutions, formerly known as Theiss Aviation, is an American aircraft manufacturer based in Salem, Ohio. The company specializes in the design and manufacture of unmanned aerial vehicles and at one time produced ultralight aircraft in the form of kits for amateur construction.Purdy, Don: ''AeroCrafter - Homebuilt Aircraft Sourcebook, Fifth Edition'', page 360. BAI Communications, 15 July 1998. The president is Rachel Theiss and vice president is Shawn Theiss. History The company was formed in 1991 to produce ultralight aircraft kits using a new inexpensive, light-weight construction technique. The company produced two 1930s-style replica designs for the homebuilt market, the Theiss Speedster and the Theiss Sportster, which was introduced in 1998. As a result of these designs in 1998 the company was approached by the head of the Tactical Electronic Warfare Division's Offboard Countermeasures Vehicle Research Section, United States Naval Research Laboratory to pro ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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