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Unmanned systems company AeroVironment to acquire Arcturus UAV

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.