Raven Industries
Company type | Public |
---|---|
Nasdaq: RAVN S&P 600 Component | |
Industry | Aerospace and defense 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] |
Subsidiaries | Applied Technology Engineered Films Raven Aerostar. |
Website | Raven Industries |
Raven Industries (Nasdaq: RAVN) is a U.S manufacturer of precision agriculture products, high-altitude balloons, plastic film and sheeting, and radar systems. The company is headquartered in Sioux Falls, South Dakota.
History
Established in 1956 to make high-altitude balloons, Raven was launched by a group of General Mills employees, including General Mills High Altitude Research division employee Ed Yost.[2][3] Yost claimed to pick Sioux Falls for its favorable wind conditions.[2] After its establishment, the company's product offerings expanded to include items such as commercial and recreational hot air balloons, electronics manufacturing, large plastic storage containers for use in agriculture, pickup toppers, and winter outerwear. However, in recent years, the company has streamlined its operations, closing a number of its divisions and selling subsidiaries to reduce the company to its precision agriculture, engineered films, and Aerostar divisions. The U.S. military and other government agencies are among its clients, and besides the U.S. Department of Defense, Raven Industries has other big name customers such as Google.[4]
Products
- plastic film from polyethylene
- precision agriculture equipment
- high-altitude balloons
- aerostats
- radar systems
References
- ^ a b c d e "Raven Industries, Inc. 10-K".
- ^ a b "Raven Industries, Inc. - Company Profile, Information, Business Description, History, Background Information on Raven Industries, Inc". referenceforbusiness.com. Retrieved October 4, 2018.
- ^ RAVN profile Yahoo Finance
- ^ "Archived copy". Archived from the original on 2015-01-02. Retrieved 2015-01-03.
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Further reading
- 'CEO Interview: Raven Industries,' Wall Street Transcript, October 24, 1994.Meyer, Harvey
- 'Underdog: A Military Contractor Spreads Its Wings,' Journal of Business Strategy, September 19, 1997.
- Palmer, Jay, 'Raven Industries Enjoys Ballooning Business,' Barron's, August 17, 1992, p. 14.
- 'Raven Industries,' Implement and Tractor, January 11, 1996.'Raven Industries Acquires Norcore Plastics, Tank & Technology,' Composite News, February 10, 1997.
- 'Raven Industries Outlook,' Dow Jones News Service, August 12, 1983.'Raven Industries Sees Net Up Strongly in 4th Quarter,' Dow Jones News Service, November 25, 1983.
- Slovak, Julianne, 'Raven Industries,' Fortune, May 21, 1990.
- 'Raven Aerostar News,' http://ravenaerostar.com/news.
External links
- Companies based in Sioux Falls, South Dakota
- Manufacturing companies established in 1956
- Manufacturing companies based in South Dakota
- Plastics companies
- Companies listed on NASDAQ
- United States manufacturing company stubs
- Agriculture companies of the United States
- Aerospace companies
- 1956 establishments in South Dakota