Arcturus Space & Intelligence: This company is a Systems Engineering & Technical Advisory (SETA) and Systems Integration (SI) consulting firm that provides expertise to space and intelligence clients, focusing on system acquisition needs in defense, intelligence, civil, and commercial sectors. They offer end-to-end solutions for acquiring space vehicles, ground systems, and software systems, supporting missions like SatCom, ISR, and Space Domain Awareness.
All verified mentions of this organization in source documents.
The acquisition of Arcturus UAV was approximately $405 million and was announced on 13 January 2021.
Arcturus UAV employs its VTOL JUMP 20 in support of USSOCOM operations, minimizing the logistical footprint of unwanned aircraft systems operations.
AeroVironment completed the acquisition of Arcturus UAV on 19 February 2021, making Arcturus UAV a wholly-owned subsidiary operating under the AeroVironment brand.
Arcturus UAV delivers multi-payload, multi-mission capabilities with its JUMP 20 platform.
Arcturus UAV provides contractor-owned, contractor-operated (COCO) services.
Upon completion of the acquisition, Arcturus UAV will operate as a wholly-owned subsidiary of AeroVironment.
Arcturus UAV's topline growth has exceeded 20 percent for each of the last two fiscal years.
Arcturus UAV was selected as one of four awardees for the U.S. Army's FTUAS program.
Arcturus UAV also produces the T-20, a multi-mission, medium endurance catapult-launched system.
Arcturus UAV is a leading supplier to USSOCOM, supporting its $1.4 billion MEUAS III and IV programs.
Arcturus UAV has approximately 270 employees and designs and manufactures Group 2 and Group 3 unmanned aircraft systems (UAS).
Arcturus UAV's products include the JUMP-20, a multi-mission, medium endurance vertical takeoff and landing (VTOL) system.
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.
Key members of the Arcturus UAV executive management team will remain in leadership positions following the acquisition.
All Arcturus UAV systems can carry a variety of payloads including EO/IR gimbals, 3-D mapping, SAR, LIDAR, communications relay, COMINT, and SIGINT payloads.
The acquisition was unanimously approved by the Boards of Directors of AeroVironment and Arcturus UAV.