Replies to post #150494 on World Surveillance Group Inc (fka WSGI)

[Acumen]

"are we really getting shafted"....hardly!! Insighter, this is the magic that Glenny brings to the table!! WSGI is way more than a highly regarded, insolvent, debt ridden, lien encumbered microcap LTA defense contractor. Think of all the commercial applications, did I mention ARGUS? That's the mid altitude airship that put the industry and mankind on its' ear!!

Moreover, TWO WORDS - GROUND STATIONS!!! As in recurring revenue - over and over. SPOTS , SAT Phones, one way messaging.

Dude, Glenny has positioned this company and its stakeholders for the long haul. Sit back, relax and enjoy the ride!!

[lrt65]

Please read your article more closely.
1. “The Army had planned to use unmanned aerial vehicles to extend the reach of WIN-T, but the Pentagon said in its budget overview the next generation of WIN-T has been “significantly de-scoped” to a software only project.” The WASP IS NOT an UNmaned vehicle!

2. “The Pentagon also decided to cut funding for procurement of additional space vehicles for its secure communications and GPS satellites with $5 billion in savings over the next five years applied to tactical satellite communications systems and the space-based infrared system, which was a decade behind schedule when the first of its six satellites was launched in 2011.” The WASP IS NOT a SATELLITE!


3. “The 2015 budget requests a modest $26 million increase for the Army’s long-haul Warrior Information Tactical Network to $920 million from the $894 million enacted in 2014, with the funds focused on equipping one brigade combat team and one division along with upgrades to hardware already in the field.” The WASP IS ALREADY in the field and therefore funded?

Of course all the above is my opinion of the Army article.