Why is GBA putting its autogyro business up for sale?
Groen Brothers Aviation (GBA) is an aviation company that autogyro planes, which are somewhat similar to helicopters but less commonly used. For more information on the autogyro and the company, visit this page: http://www.groenbros.com/products.php Recently, GBA has been facing funding challenges. It is a small company that primarily works on fixed price contracts from the defense department. It is currently working on a heliplane project that is underfunded. To try to increase short term profits, they spun off a second business caled American Autogyro http://www.americanautogyro.com/index.html that prepares quick build plane kits. The project is called SparrowHawk III, and they hope that the sale of this company will fund their ambitious heliplane development projects.
Groen Brothers Aviation (GBA) is an aviation company that autogyro planes, which are somewhat similar to helicopters but less commonly used. For more information on the autogyro and the company, visit this page: http://www.groenbros.com/products.php Recently, GBA has been facing funding challenges. It is a small company that primarily works on fixed price contracts from the defense department. It is currently working on a heliplane project that is underfunded. To try to increase short term profits, they spun off a second business caled American Autogyro http://www.americanautogyro.com/index.html that prepares quick build plane kits. The project is called SparrowHawk III, and they hope that the sale of this company will fund their ambitious heliplane development projects. http://www.groenb
