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Aerovironment buys Arcturus UAV in $405M deal January 15 Spc. Christopher McCoy conducts an engine start on the Jump 20 drone prior to a launch during a capabilities assessment at Fort Riley, Kansas, on April 8, 2020. (U.S. Army) Arcturus, which was founded in 2004 in California, specializes in Group 2 and 3 UAS, which run the gamut between drones over 20 pounds and under roughly 1,300 pounds. The Jump is a multimission, medium-endurance, vertical-takeoff-and-landing system that can become airborne independent of a runway. Arcturus also makes the T-20, a multimission, medium-endurance, c...

AeroVironment portfolio of unmanned systems. Photo Credit: Graphic Business Wire AeroVironment, Inc. (Simi Valley, Calif., U.S.), a global leader in unmanned aircraft systems, and Arcturus UAV, Inc. (Petaluma, Calif., U.S.), a privately-held provider of Group 2 and 3 unmanned aircraft systems (UAS) and services, entered a definitive agreement as of Jan. 13, under which AeroVironment will acquire Arcturus UAV for a total purchase price of $405 million, including $355 million in cash and $50 million in AeroVironment stock. The transaction, which was unanimously approved by the AeroVironment a...

Drone Maker AeroVironment Soars on Deal for Arcturus UAV AeroVironment agreed to acquire Arcturus UAV for a combination of cash and stock in a bid to expand its product portfolio. Author: Shares of AeroVironment  ( AVAV) - Get Report rose sharply Thursday after the drone maker entered into a definitive agreement to acquire another drone maker, privately-held Arcturus UAV, for $405 million in a cash and stock deal. Shares of the Simi Valley, Calif., company were rising 28.0% to $123.07 on Thursday afternoon. Terms of the deal include a payment of $355 million in cash by AeroVironment and...