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AeroVironment lays out vision for teaming aerial drones and robotic vehicles

By Garrett Reim2021-05-05T01:13:00+01:00
Long-time tactical drone maker AeroVironment has completed its acquisition of ground robot manufacturer Telerob for $45.4 million in cash and a pay-off of $9.4 million of the firm’s debt.
The purchase of the German company is an initial step in AeroVironment’s plans to integrate tactical unmanned air vehicles (UAVs) and unmanned ground vehicles for use in combat operations.
Source: AeroVironment
Quantix Recon tactical drone
Future combat operations may involve hundreds, perhaps thousands of UAVs and unmanned ground vehicles working in concert, perhaps in swarms, says Wahid Nawabi, AeroVironment’s chief executive officer. Toward that vision of future warfare, the company is working to connect and autonomously coordinate ground- and air-based unmanned systems, he adds. ....

Wahid Nawabi , Steven Gitlin , Progeny Systems Corporation Intelligent Group , Telemax Recce , Progeny Systems Corporation , Intelligent Systems Group , வஹித் நவாபி , ஸ்டீவன் கிட்லின் , ப்ரொஜெநீ அமைப்புகள் நிறுவனம் புத்திசாலி குழு , ப்ரொஜெநீ அமைப்புகள் நிறுவனம் , புத்திசாலி அமைப்புகள் குழு ,

Maryland Dem Skirts Self-Imposed Corporate Money Ban with Corporate Lobbyist Fundraiser

Maryland Dem Skirts Self-Imposed Corporate Money Ban with Corporate Lobbyist Fundraiser
Sen. Chris Van Hollen (D., Md.) / Getty Images Joe Schoffstall • April 7, 2021 5:45 pm
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Sen. Chris Van Hollen (D., Md.), who publicly shuns corporate PAC money, is set to hold a fundraiser with corporate lobbyists.
McAllister & Quinn, a D.C.-based government relations firm, will hold a virtual breakfast fundraiser for Van Hollen on April 14, according to the invitation for the event. Although Van Hollen prohibits corporate PACs from donating to his campaign, his fundraiser host, McAllister & Quinn, represents several corporate interests.
In 2020, the group s client list included L3Harris Technologies, a global aerospace and defense company, Progeny Systems Corporation, which develops software for the Department of Defense, and Veeco Instruments, a company that produces devices used in artificial intelligence. ....

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Aerovironment Inc (AVAV) Q3 2021 Earnings Call Transcript

Aerovironment Inc (AVAV) Q3 2021 Earnings Call Transcript
Motley Fool Transcribers
© The Motley Fool
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Aerovironment Inc (NASDAQ: AVAV)
Chief Marketing Officer, Vice President Investor Relations
Good afternoon, ladies and gentlemen and welcome to AeroVironment s Third Quarter Fiscal Year 2021 Earnings Call. This is Steven Gitlin, Chief Marketing Officer and Vice President of Investor Relations for AeroVironment. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session after management s remarks. As a reminder, this conference call is being recorded for replay purposes.
Before we begin, please note that on this call certain information presented contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include without limitation any statement that may predict, forecast, ....

United States , Canaccord Genuity , Wahid Nawabi , Pete Skibitski , Kevin Mcdonnell , Robert Baird , Louie Dipalma William Blair , Joe Denardi Stifel , Ken Herbert Canaccord Genuity , Robertw Baird , William Blair , Steven Gitlin , Us Army Future Tactical , Motley Fool Aerovironment Inc , Progeny Systems Corporation Intelligent Group , Us Air , United States Marine Corp Organic Precision , Maccready Works Advanced Solutions , Us Navy , Aerovironment Inc , Us Army , Softbank Corporation , Artificial Intelligence Innovation Center , Call Transcript , Motley Fool Logo , Marketing Officer ,

AeroVironment Acquires Artificial Intelligence Specialist, Intelligent Systems Group for $30M

AeroVironment Acquires Artificial Intelligence Specialist, Intelligent Systems Group for $30M
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AeroVironment said it acquired Progeny Systems Corporation’s Intelligent Systems Group (ISG) for $30 million earlier this week.
Under the terms of the transaction, AeroVironment acquired ISG for $30 million in cash and an earnout for Progeny Systems Corporation of up to $6 million over three years, based on the achievement of specific performance targets.
The ISG team will merge with AeroVironment’s MacCready Works Advanced Solutions team. The ISG facility in Virginia will now operate as AeroVironment’s new Artificial Intelligence Innovation Center. The ISG team will collaborate with teams across AeroVironment to integrate cutting-edge technologies into the company’s growing offering and solution roadmap. For example, new artificial intelligence and perceptive autonomy capabilities from ISG will enable AeroVironment’s unmanned systems to ide ....

United States , Progeny Systems Corporation Intelligent Group , Artificial Intelligence Innovation Center , Aerovironment Maccready Works Advanced Solutions , Progeny Systems Corporation , Intelligent Systems Group , Maccready Works Advanced Solutions , Artificial Intelligence Innovation , Artificial Intelligence , Machine Learning , ஒன்றுபட்டது மாநிலங்களில் , ப்ரொஜெநீ அமைப்புகள் நிறுவனம் புத்திசாலி குழு , செயற்கை உளவுத்துறை கண்டுபிடிப்பு மையம் , ப்ரொஜெநீ அமைப்புகள் நிறுவனம் , புத்திசாலி அமைப்புகள் குழு , செயற்கை உளவுத்துறை கண்டுபிடிப்பு , செயற்கை உளவுத்துறை , இயந்திரம் கற்றல் ,

AeroVironment Acquires Progeny Systems Corporation's Intelligent Systems Group

AeroVironment Acquires Progeny Systems Corporation's Intelligent Systems Group
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