AeroVironment's acquisition of Arcturus UAV to expand unmanned ISR portfolioNews
February 24, 2021
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.
The United States Special Operations Command (USSOCOM) selected Arcturus UAV as one of six companies qualified for the potential $975 million indefinite-delivery/indefinite-quantity MEUAS IV contract in June 2020.
According to officials, the contract is intended to enable awardees to compete for site-specific task orders and provide USSOCOM with UAS services and support for intelligence, surveillance, and reconnaissance (ISR) operations.
Arcturus UAV employs its VTOL JUMP 20 in support of USSOCOM operations, aiming to minimize the logistical footprint of UAS operations while delivering multi-payload, multi-mission capabilities.
Arcturus UAV is also one of four awardees selected for funded development and demonstrations supporting the U.S. Army’s FTUAS program, a potential billion dollar, next-generation UAS program, according to the company.