The Vampire is a mid-wing cantilever monoplane of pod-and-boom configuration and twin booms joined by a common horizontal stabilizer.

[1] The Vampire won the "Grand Champion Design" Award at the EAA Fly-in at Oshkosh, Wisconsin in August 1982.

[1] Rights to this sport version were sold to Aero.V Australia based at Illawarra Regional Airport in Albion Park Rail, New South Wales.

[3][4] Equipped with an enclosed cockpit, bullet-resistant fuselage pod made of Kevlar, machine gun mounts in the wing roots, and a hardpoint under each wing for disposable stores, the Piranha is intended to provide ground attack, counter-insurgency, and interdiction missions.

"We failed to meet the required pipeline commitments needed to receive second-stage capital from our investors" he explained.