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Proxy Aviation Systems Appoints Former United Defense Industries Executive to Board of Directors; Raborn Brings Extensive Financial Management Experience to the Board

Posted on: Monday, 19 September 2005, 09:00 CDT

Proxy Aviation Systems, Inc., a company dedicated to developing fully autonomous, optionally piloted unmanned aircraft systems (UAS), announced the appointment of Francis "Buzz" Raborn to the company's board of directors. Raborn was formerly the Chief Financial Officer of United Defense Industries (UDI). UDI is now part of BAE Systems, a leader in the design, development and production of combat vehicles, artillery, naval guns, missile launchers and precision munitions used by the U.S. Department of Defense and allies worldwide.

Raborn brings extensive financial management experience within the defense industry from his more than 20 years with United Defense Industries as its Chief Financial Officer. Previously, Raborn held financial positions with FMC Corporation and Ford Motor Company. A member of Financial Executives International and the Institute of Management Accountants, Raborn also participates in various aerospace and defense industry associations. Prior to starting his business career, Raborn was a pilot in the United States Air Force.

"Proxy Aviation is closing a vital gap within the unmanned aviation industry by creating a unique, network-centric, unmanned aircraft system. This proprietary architecture not only raises the bar in UAS capabilities, but it also expands the possibilities for multi-point battlefield communications," said Raborn. "I am very honored to become part of such an exciting company."

Proxy Aviation's Chief Executive Officer, Don Ryan, said, "We are pleased to have Buzz joining our board of directors. He brings a valuable combination of senior executive leadership and extensive knowledge of defense industry finance that will contribute to the continued success of our company."

Proxy Aviation is led by a team of executives with more than 100 years combined experience in aircraft and unmanned aerial vehicle (UAV) development and manufacturing, supported by extensive experience in systems integration and combat operation. The company's mission is to close a gap in unmanned aviation capability by providing a system that successfully executes both low-end strategic and high-end tactical surveillance missions, requiring fewer personnel and resources than established systems.

About Proxy Aviation Systems

Proxy Aviation Systems designs and manufactures fully autonomous, optionally piloted unmanned aircraft systems (UAS) for use in intelligence, surveillance, reconnaissance and other special missions. Proxy Aviation's system addresses the long endurance, medium altitude, multi-payload requirements set forth by the U.S. military and the Department of Homeland Security. Founded in 2003 as a Delaware corporation, Proxy Aviation is headquartered in Germantown, Maryland. For more information, visit www.proxyaviation.com.

Source: Business Wire

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