AeroVironment is an American defense contractor that designs and manufactures unmanned aerial vehicles (UAVs) and tactical missile systems. While primarily focused on defense applications, AeroVironment has contributed to space-related projects, such as developing the Ingenuity helicopter which successfully landed on Mars in April 2021. They also develop high-altitude UAVs for communication relay platforms. NASA is one of their major partners in space exploration.
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AeroVironment can provide the JUMP 20 on a contractor-owned/contractor-operated (COCO) basis to maximize operational flexibility.
AeroVironment plans to introduce Tomahawk Robotics’ solutions to the company’s customer base of more than 55 allied nations.
AeroVironment signed a definitive agreement to purchase Tomahawk Robotics for a total purchase price of $120,000,000 payable in a mix of cash and stock.
Sunglider’s current version was developed by HAPSMobile Inc. and AeroVironment Inc. and successfully reached the stratosphere during a test flight in September 2020.
AeroVironment, Inc. acquired Progeny Systems Corporation’s Intelligent Systems Group (ISG).
AeroVironment acquired ISG for $30,000,000 in cash and an earnout for Progeny Systems Corporation of up to $6,000,000 over three years based on the achievement of specific performance targets.
The acquisition will increase AeroVironment’s customer-funded research and development revenue and broaden its advanced engineering services offering to defense and commercial customers.
AeroVironment, Inc. completed its acquisition of Arcturus UAV, Inc., a designer and manufacturer of high-performance unmanned aircraft systems.
AeroVironment completed the acquisition of Arcturus UAV on 19 February 2021, making Arcturus UAV a wholly-owned subsidiary operating under the AeroVironment brand.
The acquisition price includes $355 million in cash and $50 million in AeroVironment stock.
The acquisition is expected to accelerate AeroVironment's strategy for profitable growth and expand its capabilities.
Upon completion of the acquisition, Arcturus UAV will operate as a wholly-owned subsidiary of AeroVironment.
The acquisition is expected to close during the fourth quarter of AeroVironment's fiscal year 2021, pending customary closing conditions and regulatory approvals.
AeroVironment, Inc. will acquire Arcturus UAV, Inc. for a total purchase price of $405 million.
The acquisition of Arcturus UAV will allow AeroVironment to expand into more valuable Group 2 and 3 UAS segments.
The acquisition was unanimously approved by the Boards of Directors of AeroVironment and Arcturus UAV.
On 2020-10-15, Viasat and AeroVironment began collaborating on a contract awarded under the U.S. Army Reconfigurable Communications for Small Unmanned Systems (RCSUS) initiative.
Viasat and AeroVironment will develop advanced, Type 1 encrypted communications suitable for AeroVironment’s portable, hand-launched Puma AE tactical unmanned aircraft system.
Viasat is the prime contractor on the RCSUS award and will work with AeroVironment to develop and demonstrate advanced encrypted communications for small unmanned aircraft systems.