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AeroVironment To Acquire Arcturus UAV, Expanding Portfolio Into Larger UAS

By Cal Biesecker

Wednesday, January 13th, 2021

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AeroVironment To Acquire Arcturus UAV, Expanding Portfolio Into Larger UAS

AeroVironmnent Puma AE beach launch. Photo: AeroVironment

AeroVironment [AVAV] on Wednesday said it has agreed to acquire Arcturus UAV for $405 million in a deal that will expand its portfolio of unmanned aircraft systems (UAS) into larger products and position it in more lucrative programs. Arcturus develops and produces Group 2 and Group 3 UAS systems, which have maximum takeoff weights of between 21 and 55 pounds, and less than 1,320-pounds, respectively. AeroVironment develops and manufactures smaller hand-launched UAS in the Group 1 category. “We are excited…

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