Tag Archives: Wahid Nawabi

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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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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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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Wahid Nawabi Named AeroVironment CEO, Tim Conver to Remain Board Chair

AeroVironment‘s board of directors has chosen Chief Operating Officer and President Wahid Nawabi to succeed Tim Conver as CEO of the Simi Valley, California-based unmanned aircraft systems maker from May 2. Conver, who has led the company since 1992, will continue to serve as chairman of the board after he retires from the …

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Wahid Nawabi Adds President Role at AeroVironment; Tim Conver Comments

Wahid Nawabi, chief operating officer at AeroVironment (Nasdaq: AVAV), will assume additional duties as president of the company. Nawabi previously served as senior vice president and general manager of the company’s efficient energy systems business segment, with responsibility in business strategy and new product launch, AeroVironment said Friday. “As president and …

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