Unmanned aircraft system manufacturing company AeroVironment (Nasdaq: AVAV) has agreed to acquire Arcturus UAV in a cash-and-stock transaction valued at approximately $405M as part of efforts to expand into adjacent segments and broaden UAS portfolio and customer footprint. “We are excited about the opportunities for value creation through our acquisition of Arcturus UAV, which will enable us to accelerate our growth strategy and expand our reach into the more valuable Group 2 and 3 UAS segments,” said Wahid Nawabi, president and CEO of AeroVironment.
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AeroVironment to Buy Ground Robotics Vehicle Maker Telerob; Wahid Nawabi Quoted
AeroVironment (Nasdaq: AVAV) has agreed to acquire Germany-based ground robotics vehicle developer Telerob for approximately $45.4M in cash as part of efforts to expand its global footprint and portfolio of multidomain unmanned platforms. The transaction includes payment of Telerob’s debt valued at approximately $9.4M upon the deal’s closing and up to $7.3M in additional payment to the German firm’s shareholder over three years based on specific milestones achieved.
Read More »AeroVironment Gets $146M Army Miniature Aerial Munition Supply Contract
AeroVironment (Nasdaq: AVAV) has landed a potential three-year, $146M contract to provide loitering missile systems designed to help military users reach targets for operations beyond line of sight.
Read More »Kevin McDonnell to Join AeroVironment as SVP, CFO
Kevin McDonnell, former senior vice president and chief financial officer of JAMS, has been appointed to the same positions at unmanned aircraft system maker AeroVironment (Nasdaq: AVAV). His appointment is effective Feb. 10 and he will succeed Brian Shackley, who has held the CFO role at AeroVironment on an acting basis since October, the company said Thursday.
Read More »Wahid Nawabi: AeroVironment Submits Bid for Army’s Lethal Miniature Aerial Missile System Contract
AeroVironment CEO Wahid Nawabi said the company has submitted to the U.S. Army its proposal for the three-year Lethal Miniature Aerial Missile System development contract and expects the service to award the contract in 2020, Inside Defense reported Wednesday.
Read More »AeroVironment to Update Army UAS RF Tech
AeroVironment (Nasdaq: AVAV) has won a $55M firm-fixed-price contract to update radio frequency technology on the U.S. Army's Raven unmanned aircraft systems.
Read More »Brian Shackley Named AeroVironment Interim CFO
Brian Shackley, a vice president and controller at AeroVironment (Nasdaq: AVAV), will serve as the company’s chief financial officer on an acting basis starting Oct. 18.
Read More »AeroVironment Buys Pulse Aerospace in UAS Portfolio Expansion Push; Wahid Nawabi Quoted
AeroVironment has purchased Lawrence, Kan.-based Pulse Aerospace for $25.7M in cash to expand its line of small unmanned aircraft systems.
Read More »Kratos-Aerovironment Team to Integrate, Demo Tactical UAS & Missile System
TYSONS CORNER, VA, May 9, 2019 — Kratos Defense and Security Solutions (Nasdaq: KTOS) is working with Aerovironment to demonstrate an unmanned aircraft system in which a small tube-launched drone can be deployed from another that is larger and runway-independent to operate across multiple domains in near-peer, denied environments, ExecutiveBiz …
Read More »Teresa Covington Named AeroVironment CFO
Teresa Covington, who held the interim chief financial officer role between Feb. 5, 2015 and July 7, 2015 at AeroVironment (Nasdaq: AVAV), has been appointed CFO on a full-time basis at the unmanned aircraft systems manufacturer. AeroVironment said Tuesday Covington will succeed Raymond Cook, who will resign as senior vice president and CFO on Feb. …
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