iRobot Appoints Former BAE VP, Frank Wilson to Lead Defense & Security Business Unit

iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, today announced that Frank Wilson has joined the company as senior vice president and general manager of its Defense & Security business unit. Wilson will focus on strategic business development and product development to ensure iRobot is meeting today’s military, civil defense and security needs. Tim Trainer, the previous acting interim general manager, will continue on as vice president of programs.

With 25 years experience in the Aerospace and Defense industry, Frank Wilson most recently served as sector vice president of business development and mission applications for Electronic Systems at BAE Systems where he directly contributed to new business growth valued at over $10 billion. With revenues of $4.2 billion in 2011, BAE Electronic Systems consists of six business units and is the world leader in electronic warfare, identification friend or foe (IFF) products and wide area surveillance solutions. He previously held positions in engineering and product development, providing him with a strong knowledge base relating to the electrical and mechanical subsystems found in iRobot’s life-saving robotic technologies.

“As was said on the second-quarter earnings call, U.S. government funding and program delays continue to negatively impact our expectations for the Defense & Security business unit,” said Jeff Beck, chief operating officer of iRobot. “Frank has a wealth of experience leading a business, driving business development and transforming organizations in both favorable and declining defense budget environments. We look forward to his contributions and leadership as iRobot develops new technologies to address the growing role robots have in special operations and infantry missions.”

“It is an honor to join iRobot and contribute to the continued success and growth of the Defense & Security business unit,” said Wilson. “I look forward to leveraging my experience and contacts to help iRobot further its strategy of meeting the ever-changing needs of today’s warfighter and providing unmanned systems that are an integral part of the military’s future.”

In the second quarter, iRobot announced approximately $27 million in new Defense & Security contracts for SUGV and PackBot robots, spares and software upgrades that will be delivered over the remainder of 2012. To date, iRobot has delivered more than 4,500 robots to military and civil defense forces worldwide. These rugged robots are used to perform search, reconnaissance, bomb disposal and other dangerous missions.

Source: iRobot Corporation (Nasdaq: IRBT)
Date: Aug 7, 2012