Tag Archives: UAS

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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Executive Order Directs Agencies to Assess Security Risks Posed by Drones From Foreign Adversaries

President Donald Trump has signed an executive order that would require government agencies to review security risks associated with unmanned aircraft systems from foreign adversaries and remove from the federal fleet such drones. The order directs all federal agencies to submit a report to the Director of National Intelligence and …

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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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GSA to Remove Non-Defense Innovation Unit-Approved Drones From Multiple Award Schedules

The General Services Administration will remove from Multiple Award Schedules contracts unmanned aircraft systems and other drones to address potential security risks associated with the use of such devices. GSA said Tuesday its decision does not cover drones approved by the Defense Innovation Unit under the Blue sUAS program, which …

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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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Kratos Buys UAS Software Engineering Firm 5-D Systems; Eric DeMarco Quoted

Kratos

Kratos Defense & Security Solutions (Nasdaq: KTOS) has acquired software engineering company 5-D Systems for an undisclosed sum as part of efforts to expand capabilities in unmanned aerial systems and establish a technology center in the Austin area. 5-D will operate as a systems engineering hub within the unmanned systems division of Kratos.

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