| Business Summary | | Groen
Brothers
Aviation,
Inc.
is
a
development
stage
company
that,
through
its
now
wholly
owned
subsidiary,
Sego
Tool,
Inc.,
is
developing
for
manufacture
the
Hawk
Gyroplane.
Gyroplane
is
an
aircraft
that
gets
its
lift
from
rotor
blades
and
its
thrust
from
an
engine-driven
propeller.
The
rushing
air
spins
the
rotor
as
the
aircraft
is
thrust
forward
by
its
propeller.
The
Company
is
developing
two
basic
models
of
high
performance
gyroplanes,
the
Hawk
4
(four
seat)
and
Hawk
6
(six
seat).
A
Hawk
8
(eight
seat)
is
planned
to
follow.
The
Hawk
series
is
being
designed
and
built
to
conform
to
FAA
regulations
for
rotorcraft. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Groen
Brothers
Aviation,
a
development
stage
company,
is
developing
the
Hawk
gyroplane
through
its
wholly-owned
subsidiary,
Sego
Tool.
The
Hawk
is
a
rotorcraft
which
is
a
hybrid
cross
between
a
helicopter
and
an
airplane.
For
the
nine
months
ended
3/31/01,
revenues
decreased
61%
to
$55
thousand.
Net
loss
rose
19%
to
$8.2
million.
Results
reflect
reduced
interest
and
other
income,
partially
offset
by
lower
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | H. Jay Groen, 57 | Chairman | David Groen, 50 | Pres,
CEO, Treasurer, Director | Robin Wilson | CFO,
Director | James Mayfield, III, 53 | VP,
COO, Chief of Flight Operations |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|