AeroVironment Completes Acquisition of Telerob, Expanding MultiDomain Robotic Systems Offering and Global Presence - Press ReleaseMay 06, 2021
SIMI VALLEY, Calif. May 4, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced it was granted clearance from the German government and completed the previously announced acquisition of Telerob Gesellschaft für Fernhantierungstechnik mbH (Telerob), in a $45.4 million (€37.5 million) cash transaction and the pay-off of approximately $9.4 million (€7.8 million) in Telerob’s debt at closing. Telerob now operates as a whollyowned subsidiary of AeroVironment.
SIMI VALLEY, Calif. AeroVironment, Inc., company specializing in unmanned aircraft systems (UAS), announced it was awarded a cost-plus-fixed-fee contract by the United States Special Operations Command (USSOCOM) that includes delivery and integration of Switchblade 600 tactical missile systems into specialized maritime platforms, scheduled to be completed by January 2023.
SIMI VALLEY, Calif. AeroVironment, Inc., company specializing in unmanned aircraft systems (UAS), announced the U.S. Army has exercised an option on its Lethal Miniature Aerial Missile Systems (LMAMS) contract for additional Switchblade 300 tactical missile systems for the Army and for export to an allied nation.
SIMI VALLEY, Calif. AeroVironment, Inc., company specializing in Unmanned Aircraft Systems (UAS), announced that the U.S. Army exercised the second of three options under the sole source Flight Control Systems (FCS) domain of the Army’s multi-year small UAS contract. The value of the contract option is $20,979,905 and includes avionics and data link upgrade packages to modify radio frequencies employed by the Army’s existing fleet of Raven tactical UAS.
SIMI VALLEY, Calif. AeroVironment, Inc., company specializing in unmanned aircraft systems, announced it had completed its acquisition of Arcturus UAV, Inc. a designer and manufacturer of high-performance unmanned aircraft systems (UAS). The transaction totaled to be approximately $405 million.
SIMI VALLEY, Calif. AeroVironment, Inc., a privately-held provider of Group 2 and 3 unmanned aircraft systems (UAS) and services, announced that they have entered into a definitive agreement 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.
SIMI VALLEY, Calif. Unmanned aircraft system (UAS) maker AeroVironment has agreed to acquire Telerob (Ostfildern, Germany), a maker of ground robotic solutions or unmanned ground vehicles (UGVs), for approximately $45.4 million (37.5 million euros) in cash and a payoff of about $9.4 million (7.8 million euros) of Telerob’s debt at closing.