:

Business/Financial

AeroVironment To Acquire Arcturus UAV, Expanding Portfolio Into Larger UAS

By Cal Biesecker

Wednesday, January 13th, 2021

SHARE:

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…

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]