Industry | Agriculture |
---|---|
Founded | February 11, 1956 Sioux Falls, South Dakota, US |
Founder | J.R. Smith Ed Yost Duwayne Thon Joseph Kaliszewki |
Headquarters | Sioux Falls, South Dakota, US |
Area served | Worldwide |
Key people | Daniel A. Rykhus, President & CEO Steven Brazones, CFO |
Revenue | US$ 378M (2015) [1] |
US$ 44M (2015) [1] | |
US$ 32M (2015) [1] | |
Total assets | US$ 363M (2015) [1] |
Total equity | US$ 305M (2015) [1] |
Parent | CNH Industrial |
Website | Raven Industries |
Raven Industries, Inc. is an American company that makes precision agriculture products and information management tools for growers. Before a series of acquisitions in 2021, it also had an Engineered Films segment that produced plastic films for various agricultural and industrial applications, as well as an Aerostar Industries segment that designed and manufactured high-altitude balloons, tethered aerostats, and radar systems, and sold military parachutes, uniforms, and protective wear. [2] The company was founded in 1956 and headquartered in Sioux Falls, South Dakota. Its stock was traded on Nasdaq until 2021 when it was acquired by CNH Industrial.
Raven Industries was established in 1956 by James Smith, Paul (Ed) Yost, Duwayne Thon, and Joseph Kaliszewski to build research balloons for the United States Navy. [3] They had worked together under General Mills' aeronautical research division. The company produced polyethylene balloons for high altitudes, from 100,000 to 150,000 feet. It first operated out of the old hospital building at an abandoned World War II airbase. When the Manchester Biscuit Company closed down in 1961, Raven moved into the old Manchester building. [4]
Raven, along with Piccard Balloons and Semco, were among the first manufacturers of hot air balloons that kicked off the resurgence of ballooning in the mid-1960s. In fact, Ed Yost began this series of events when he built and flew a 40 ft (12 m)-diameter balloon a distance of three miles on 22 October 1960. [5] In 1966, Raven added a new 30,000-square-foot facility in Sioux Falls near the airport. According to its website, the first unmanned airship in history to travel in the stratosphere under powered flight was launched and flown by Raven in 1970. [3]
By the 1980s, the company was selling over 200 balloons every year. Ballooning had become so popular that Raven created a subsidiary, Aerostar Industries, to concentrate on the production of balloons. Production of hot air balloons ceased in 2007 however due to the costs for liability insurance and a shrinking market. [4]
The U.S. military and other government agencies were among its clients, and besides the U.S. Department of Defense, Raven Industries had other big name customers such as Google. [6] From 2012 to 2021, its Aerostar subsidiary partnered with Loon LLC, then a subsidiary of Alphabet Inc., to develop high-altitude communications balloons. [3] [7]
In 2019, the United States Southern Command commissioned surveillance tests using 25 Raven balloons across six midwest states. [8] It was unclear whether the tests were connected to any ongoing narcotic or counter-terrorism investigations or how the data collected would be handled afterwards, raising privacy concerns. [7] Funded under project COLD STAR (Covert Long-Dwell Stratospheric Architecture) by the Pentagon, the balloons are radar-transparent and carry a stealthy gondola. [9] They can harvest complex data and navigate using AI. Initially created to locate narcotic traffickers, they were later transitioned into military service. According to Tom Karako, a senior fellow at the Center for Strategic and International Studies, the balloons can serve as communication and datalink nodes, as trucks for intelligence, surveillance and reconnaissance (ISR) to track airborne targets, such as hypersonic missiles, and as platforms for various weapons. The Pentagon believes COLD STAR could refine hypersonic and long-range fire targeting and was evaluating how to incorporate them and commercial satellites into the same "kill chain". [8] Scott Wickersham, Raven Aerostar's vice-president, said that the company was also working with Sierra Nevada, an aerospace defense company, and the Pentagon's research arm DARPA on the Adaptable Lighter-Than-Air (ALTA) program, [7] which aims to make stratospheric balloon navigation more precise and reliable using doppler laser. The technology was transferred to the U.S. military in 2019. [9]
In 2021, Raven was acquired by Case New Holland Industrial (CNHi), the second-largest OEM in the world that designs, manufactures and sells agricultural and construction machinery. [10] [11] What attracted CNHi, who had an annual revenue of $26 billion compared to Raven's $400 million, was the latter's Applied Technology division, which focused on autonomous equipment used in agriculture. Its former Engineered Films division would be acquired by Industrial Opportunity Partners, a private equity firm. Scott Wickersham, who had served as president and general manager of the division, would assume the position of CEO under the new ownership. [10] The stratospheric balloon and radar division, Aerostar, was eventually acquired by TCOM Holdings, which specializes in ISR services. [12] It would move from its downtown headquarters into the former Colorado Technical University building and continue to be led by Jim Nelson. [11]
Following the acquisitions, Raven was restructured to focus on precision agriculture and acquired 48 acres to expand its Innovation Campus near Baltic, South Dakota. [11] It offers products and services such as automated tiller, harvester and spreader, tractor autonomy, data centralization, guidance and steering systems, spray applicators, and electronic displays. [13] The Raven Precision Agriculture Center at the South Dakota State University opened in fall 2021 to support education in agricultural science, technology, and engineering. [11] The company has added hundreds of jobs in Sioux Falls and established a cyber defense hub in collaboration with students and graduates from Dakota State University. [14]
Between 1984 and 2019, Raven Industries made hundreds of balloons and other inflatables for the annual Macy's Thanksgiving Day Parade, depicting characters such as Hello Kitty, Pikachu, Spider-Man, and Spongebob Squarepants. [15] [16]
A hot air balloon is a lighter-than-air aircraft consisting of a bag, called an envelope, which contains heated air. Suspended beneath is a gondola or wicker basket, which carries passengers and a source of heat, in most cases an open flame caused by burning liquid propane. The heated air inside the envelope makes it buoyant, since it has a lower density than the colder air outside the envelope. As with all aircraft, hot air balloons cannot fly beyond the atmosphere. The envelope does not have to be sealed at the bottom, since the air inside the envelope is at about the same pressure as the surrounding air. In modern sport balloons the envelope is generally made from nylon fabric, and the inlet of the balloon is made from a fire-resistant material such as Nomex. Modern balloons have been made in many shapes, such as rocket ships and the shapes of various commercial products, though the traditional shape is used for most non-commercial and many commercial applications.
Sioux Falls is the most populous city in the U.S. state of South Dakota and the 121st-most populous city in the United States. It is the county seat of Minnehaha County and also extends into northern Lincoln County to the south, which continues up to the Iowa state line. The population was 192,517 at the 2020 census, and in 2022, its estimated population was 202,078. According to city officials, the estimated population had grown to 213,891 as of early 2024. The Sioux Falls metro area accounts for more than 30% of the state's population. Chartered in 1856 on the banks of the Big Sioux River, the city is situated in the rolling hills at the junction of interstates 29 and 90.
In aeronautics, a balloon is an unpowered aerostat, which remains aloft or floats due to its buoyancy. A balloon may be free, moving with the wind, or tethered to a fixed point. It is distinct from an airship, which is a powered aerostat that can propel itself through the air in a controlled manner.
The Macy's Thanksgiving Day Parade is an annual parade in New York City presented by the U.S.-based department store chain Macy's. The Parade first took place in 1924, tying it for the second-oldest Thanksgiving parade in the United States with America's Thanksgiving Parade in Detroit. The three-hour parade is held in Manhattan, ending outside Macy's Herald Square, and takes place from 9:00 a.m. to 12:00 p.m. Eastern Standard Time on Thanksgiving Day, and has been televised nationally on NBC since 1953.
A gas balloon is a balloon that rises and floats in the air because it is filled with a gas lighter than air. When not in flight, it is tethered to prevent it from flying away and is sealed at the bottom to prevent the escape of gas. A gas balloon may also be called a Charlière for its inventor, the Frenchman Jacques Charles. Today, familiar gas balloons include large blimps and small latex party balloons. For nearly 200 years, well into the 20th century, manned balloon flight utilized gas balloons before hot-air balloons became dominant. Without power, heat or fuel, untethered flights of gas balloons depended on the skill of the pilot. Gas balloons have greater lift for a given volume, so they do not need to be so large, and they can stay up for much longer than hot air balloons.
Midco is a regional cable provider, providing a triple play service of cable television, Internet and telephone service for both North Dakota and South Dakota, along with much of Minnesota, and several communities in Kansas and Wisconsin. The company's business-class service also provides direct fiber-optic communications services via leased data circuits for larger companies.
Paul Edward Yost was the American inventor of the modern hot air balloon and is referred to as the "Father of the Modern Day Hot-Air Balloon." He worked for a high-altitude research division of General Mills in the early 1950s until he left to establish Raven Industries in 1956, along with several colleagues from General Mills.
The Argus Leader is the daily newspaper of Sioux Falls, South Dakota. It is the largest newspaper by total circulation in South Dakota.
Donald Louis Piccard was a Swiss-born American balloon pioneer, promoter, innovator, designer, builder, and pilot.
Hot air ballooning is the recreational and competitive adventure sport of flying hot air balloons. Attractive aspects of ballooning include the exceptional quiet, the lack of a feeling of movement, and the bird's-eye view. Since the balloon moves with the direction of the winds, the passengers feel absolutely no wind, except for brief periods during the flight when the balloon climbs or descends into air currents of different direction or speed. Hot air ballooning has been recognized by Fédération Aéronautique Internationale (FAI) as the safest air sport in aviation, and fatalities in hot air balloon accidents are rare, according to statistics from the National Transportation Safety Board (NTSB).
Balloons and kites were the first inventions used in aerial warfare and their primary role was reconnaissance. Balloons provided an reliable and stable means of elevating an observer high over the battlefield to obtain a birds-eye view of troop positions and movements. An early instrument of aerial intelligence collection, they were also useful for creating accurate battlefield maps, an important ingredient for battlefield success. Incendiary balloons also have a long history. The incendiary balloons carry hot air or something that can catch fire to destroy enemy territory. They could also hold small bombs for combat. The history of military ballooning dates back to the late 18th century, when the Montgolfier brothers, Joseph-Michel and Jacques-Étienne, first demonstrated the potential of hot-air balloons for military use. The first recorded military use of balloons was during the French Revolutionary Wars, when the French military used balloons to gather intelligence on the movements of the enemy. Balloons were also used during the American Civil War, where they were used for reconnaissance and communication. Balloons had a decline after several incidents in the interwar period.
The Empire Mall is a shopping mall in Sioux Falls, South Dakota, United States. The anchor stores are Dillard's, Macy's, Dick's Sporting Goods, and JCPenney. The mall is owned by Simon Property Group.
Taber MacCallum is the co-founder and co-CEO of Space Perspective, a human spaceflight company planning to take people and payloads to the edge of space by balloon, and the former chairman of the Commercial Spaceflight Federation (CSF). He is co-founder and former CTO of World View Enterprises, a stratospheric balloon company using its un-crewed Stratollite for remote communications and sensing. MacCallum was also a founding member of the Biosphere 2 design team and a crew member from the original two-year mission inside the materially-closed ecological system.
Maxie Anderson was an American hot air balloonist and Congressional Gold Medal recipient He was part of the balloon crews that made the first Atlantic ocean crossing by balloon in the Double Eagle II and the first Pacific ocean crossing by balloon in the Double Eagle V.
FireFly Balloons is an American hot air balloon manufacturer that started as The Balloon Works (TBW) in 1972 in Statesville, NC. The company is one of the oldest hot air balloon manufacturers in the United States, behind Raven Industries, SEMCO and Piccard Balloons. The origins of the company's designs can be traced to the work of Tracy Barnes in the late 1960s.
Loon LLC was an Alphabet Inc. subsidiary working on providing Internet access to rural and remote areas. The company used high-altitude balloons in the stratosphere at an altitude of 18 km (11 mi) to 25 km (16 mi) to create an aerial wireless network with up to 1 Mbit/s speeds. A reference to the balloons used, Project Loon began as a research and development project by X in 2011, but later spun out into a separate company in July 2018. In January 2021, it was announced that the company would be shut down due to lack of profitability.
World View Enterprises, Inc., doing business as World View, is a private American near space exploration and technology company headquartered in Tucson, Arizona, founded with the goal of increasing access to and the utilization of the stratosphere for scientific, commercial, economic, and military purposes.
Hot air ballooning in Luxor is an aspect of the Egyptian tourist industry. Tour companies offer sunrise rides in hot air balloons to tourists who enjoy views of ancient Thebes, the temple complexes of Karnak and Luxor, the Valley of the Kings and the Valley of the Queens.
The Balloon Federation of America (BFA) is a 501c3 non-profit group for the advancement of lighter-than-air aviation which includes hot air and gas balloons. Founded in 1960, located in Indianola, Iowa. The BFA partners with the National Balloon Museum to induct outstanding individuals into the United States Ballooning Hall of Fame. The Federation presents multiple awards including the Ed Yost Master Pilot Award and the National Crew Person Award. The BFA facilitates balloon events by providing advice and guidance on FAA compliance.
Modern hot-air ballooning was born October 22, 1960 when Paul E. (Ed) Yost piloted the maiden flight of a balloon employing a new envelope and a new propane burner system which he developed. The flight lasted 25 minutes and traveled 3 miles ... The balloon was 40 feet in diameter with a volume of 30,000 cubic feet. For this accomplishment Yost is known as the father of modern hot-air ballooning. Soon, Yost's company, Raven Industries, was making balloons for sale.