January, 2007 THE AEROS 40D SKY DRAGON AIRSHIP ACHIEVES FAA TYPE CERTIFICATION -- In 2007 the LTA world was joined by the newest and the most technologically advanced Aeros 40D Sky Dragon Airship. Aeros has always been a great innovator in airship design and has introduced more advanced features in this new model. The Aeros 40D follows the tradition of the Aeros engineering with state-of-the-art technologies.

February, 2007 AEROS’ 20th ANNIVERSARY -- Aeros, a proud member of the aerospace community, celebrated its 20th anniversary in operations.  The inventive spirit, the constant pursue of excellence, and the approach for continuous innovation has transformed Aeros into a premier airship manufacturer, and a leading research and development house for the aerospace industry.  Aeros’ products serve diligently in commercial and government applications.

March, 2007 THE AEROS 40D SKY DRAGON AIRSHIP RECEIVES CAAC TYPE CERTIFICATE -- Chinese civil aviation authority grants the Aeros 40D Sky Dragon airship the validation of the Type Certificate.  This validation opens new market for Aeros airships.

April, 2007 AEROS DEVELOPS A NEW TETHERED AEROSTAT SYSTEM -- The new system will allow for more utilities within the tethered aerostatic system. Aeros’ aerostat demonstration program offers a new concept for lowering the cost of a system without sacrificing performance. The program is aimed at allowing the military to utilize aerostats in greater numbers to the benefit of the warfighter.

May, 2007 THE AEROSCRAFT ML866 DEVELOPMENT PROGRAM BEGINS -- Program ML8XX is renamed to the Aeroscraft model ML866. Aeros begins working on the Certification Basis for the Aeroscraft model ML866.

June, 2007 FIRST METAL CUT FOR THE AEROS 40D SKY DRAGON AIRSHIP -- Construction of the next production model of the Aeros 40D Sky Dragon began when the first “metal cut” took place at Aeros’ manufacturing site in Los Angeles, California.

July, 2007 THE AEROS 40D S/N 40D-21 SKY DRAGON AIRSHIP GONDOLA ROLL-OUT -- The Aeros 40D program is on schedule and on cost, validating company’s commitment and focus on quality, cost, delivery and technical excellence.

August, 2007 THE DARPA COSH PROGRAM -- Defense Advanced Research Projects Agency (DARPA) has awarded contract to Aeros for the Control of Static Heaviness (COSH) flight Demonstration program.  The focus of the DARPA COSH program is the development and in-flight demonstration of the technology that will enable to generate and control the lift during all stages of flight without taking ballast on-board.

September, 2007 ANNOUNCEMENT OF THE AEROSCRAFT ML866 PROGRAM AT THE NBAA -- The Aeroscraft ML866 was showcased at the National Business Aviation Association 60th Meeting and Convention in Atlanta, GA, where it received the greatest welcome and a lot of interest, solidifying its place in the business aviation market.  This year the Aeroscraft ML866 was the only full blown aircraft development announced at the show.

October, 2007 AEROS OPENS NEW ENGINEERING AND MANUFACTURING FACILITY -- Aeros opened a new engineering and manufacturing facility focusing on development of a new type of rigid, buoyancy assisted air vehicle – the Aeroscraft. Consolidation of the prototype development and production has led to significant increases in overall efficiency.

November, 2007 THE AEROSCRAFT ML866 DESIGN CONFIGURATION FREEZE -- Aeros has frozen the configuration design of the Aeroscraft model Aeros ML866 – first of the Aeroscraft family. The company moves forward with manufacturing of the first article and estimating its maiden flight for 2010.

December, 2007 APPLICATION FOR THE AEROSCRAFT ML866 TYPE CERTIFICATION HAS BEEN SUBMITTED TO THE FAA – Aeros has submitted its application to the Federal Aviation Administration for the Type Certification program of the Aeroscraft model ML-866. This is a major milestone as the new type of buoyancy assisted air vehicle program moves ahead.