Tag Archives: aerovironment

AeroVironment Buys Intelligent Systems Group of Progeny; Wahid Nawabi Quoted

AeroVironment (Nasdaq: AVAV) has acquired the intelligent systems group of Progeny Systems through a $30 million cash transaction as part of efforts to drive autonomy and artificial intelligence technology development work and expand robotic systems engineering support for defense and commercial clients. AeroVironment said Wednesday it will merge ISG with …

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AeroVironment Closes Arcturus UAV Buy; Wahid Nawabi Quoted

AeroVironment (Nasdaq: AVAV) has finalized its acquisition of Arcturus UAV through a $405 million cash-and-stock transaction in a push to expand its portfolio with the addition of medium unmanned aircraft systems. AeroVironment said Monday Arcturus UAV will operate as its wholly owned subsidiary following the completion of the transaction, which …

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AeroVironment to Buy Arcturus UAV in $405M Cash-Stock Deal; Wahid Nawabi Quoted

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. AeroVironment said Wednesday it expects to complete the acquisition in the fourth …

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AeroVironment to Buy Ground Robotics Vehicle Maker Telerob; Wahid Nawabi Quoted

Wahid Nawabi President and CEO AeroVironment

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.

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Aerospace Defense Firms Launch Measures to Avoid COVID-19 Spread; Ellen Lord Quoted

aerospace-defense-firms-launch-measures-to-avoid-covid-19-spread-ellen-lord-quoted

Boeing (NYSE: BA), Textron’s (NYSE: TXT) Bell subsidiary and other aerospace defense manufacturers have increased cleaning efforts and implemented telework capabilities, social distancing and other measures to prevent the spread of the coronavirus and maintain operations, FlightGlobal reported Friday. Other companies that have initiated similar efforts are Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC), Sikorsky and AeroVironment.

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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.

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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.

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