Tag Archives: Arcturus UAV

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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Six Firms Win Spots on $975M SOCOM UAS ISR Contract

SOCOM

U.S. Special Operations Command has awarded six companies positions on a potential $975M indefinite-delivery/indefinite-quantity contract to provide intelligence, surveillance and reconnaissance services with mid-endurance unmanned aircraft systems.

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SOCOM Adds Arcturus to Potential $475M UAS ISR Contract

Arcturus UAV has won a spot under a potential five-year, $475 million contract from the U.S. Special Operations Command to provide intelligence, surveillance and reconnaissance support for mid-endurance unmanned aircraft systems. The Defense Department said Tuesday the contract has four one-year ordering periods followed by one six-month ordering period. Boeing‘s (NYSE: …

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