Ballistic Recovery Systems, Inc. designs, manufactures and distributes rocket deployed whole-aircraft emergency parachute systems for use on general aviation and recreational aviation aircraft. The parachute systems are designed to safely descend the entire aircraft and its occupants in the event of an in-air emergency, including mid-air collisions, structure failure, engine failure, pilot incapacitation, and unstable meteorological conditions, among other things. The Company operates in four market segments: general aviation aircraft as certified by the FAA; light sport aircraft (LSA), which are smaller two-seat aircraft; recreational/sport aviation (known as ultralight aircraft), and personal protective equipment. On November 16, 2007, the Company, through its majority owned subsidiary, Advanced Tactical Fabrication Inc. (ATF) acquired substantially all of the assets of Head Lites Corporation (HLC), which manufactures high visibility personal safety products.