Tag Archives: FTUAS

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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Army Selects Martin UAV, Textron’s AAI Subsidiary for $100M Tactical Drone Contract

Martin UAV and Textron‘s (NYSE: TXT) AAI Corp. subsidiary will compete for orders to provide non-developmental tactical unmanned aerial systems to the U.S. Army under a potential three-year, $99.5M contract. Eleven bids were submitted to Army Contracting Command for the firm-fixed-price contract, which runs through March 27, 2022, the Department …

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