• Arcturus UAV’s complementary capabilities present program diversification, enhance key buyer penetration and improve shareholder worth
• Transaction provides main medium Unmanned Plane Methods to AeroVironment’s portfolio of clever, multi-domain robotic techniques
• Vertical takeoff and touchdown (VTOL) JUMP 20 unmanned plane system delivers dependable, multi-mission capabilities with out launchers or runways to USSOCOM and different clients
AeroVironment, Inc. (NASDAQ: AVAV), a worldwide chief in unmanned plane techniques, at present introduced it had accomplished its acquisition ofArcturus UAV, Inc. a number one designer and producer of high-performance unmanned plane techniques (UAS). The roughly $405 million transaction was beforehand introduced in a press launch on January 13, 2021.
The USA Particular Operations Command (USSOCOM) chosen Arcturus UAV as one in all six corporations certified for the potential $975 million indefinite-delivery/indefinite-quantity MEUAS IV contract in June 2020. The contract allows awardees to compete for site-specific activity orders and supply USSOCOM with unmanned plane techniques providers and help for intelligence, surveillance and reconnaissance (ISR) operations. Arcturus UAV employs its VTOL JUMP 20 in help of USSOCOM operations, minimizing the logistical footprint of UAS operations whereas delivering multi-payload, multi-mission capabilities. Arcturus UAV can also be one in all 4 awardees chosen for funded improvement and demonstrations supporting the U.S. Military’s FTUAS program, a possible billion greenback, and next-generation UAS program.
“Like AeroVironment, the Arcturus UAV workforce is laser-focused on supporting its clients around the globe with probably the most dependable and efficient services and products for his or her missions,” mentioned Wahid Nawabi, president and chief govt officer. “As we welcome the Arcturus UAV workforce to AeroVironment, we decide to sustaining or exceeding the excessive stage of service our present and new clients expertise. The JUMP 20 and T-20 platforms, mixed with related ISR providers, symbolize a major enlargement to AeroVironment’s portfolio of clever, multi-domain robotic techniques that can improve long-term shareholder worth and assist our clients around the globe Proceed with Certainty.”
AeroVironment accomplished the acquisition of Arcturus UAV on February 19, 2021, leading to Arcturus UAV changing into a wholly-owned subsidiary working below the AeroVironment model.
ABOUT AEROVIRONMENT UNMANNED AIRCRAFT SOLUTIONS
AeroVironment’s portfolio of clever, multi-domain robotic techniques contains small footprint, runway-independent unmanned plane techniques. The JUMP 20, T-20 and Puma™ LE present prolonged vary, multi-payload capabilities, and the RQ-20A/B Puma™, RQ-11B Raven®, RQ-12A Wasp®, VAPOR® Helicopter and automatic Quantix™ Recon ship extremely tactical, frontline situational consciousness. These options ship elevated, multi-mission capabilities and the choice of choosing the suitable plane primarily based on the kind of mission to be carried out. These capabilities have the potential to offer important pressure safety and pressure multiplication advantages to small tactical items and safety personnel, in addition to higher security, scalability and cost-savings to industrial operators. AeroVironment gives turnkey ISR and help providers worldwide to make sure a constantly excessive stage of mission success. AeroVironment has delivered tens of 1000’s of recent and alternative unmanned air autos to clients inside america and to greater than 50 allied governments. For extra data go to https://www.avinc.com/uas.
ABOUT AEROVIRONMENT, INC.AeroVironment (NASDAQ: AVAV) gives expertise options on the intersection of robotics, sensors, software program analytics and connectivity that ship extra actionable intelligence so you’ll be able to Proceed with Certainty. Celebrating 50 years of innovation, AeroVironment is a worldwide chief in unmanned plane techniques and tactical missile techniques, and serves protection, authorities and industrial clients. For extra data, go to www.avinc.com.
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