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AeroVironment Acquires Pulse Aerospace, Adding VTOL UAS To Product Suite

Cal Biesecker By
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AeroVironment Acquires Pulse Aerospace, Adding VTOL UAS To Product Suite
AeroVironment’s Family of Small Unmanned Aircraft Systems support United States and more than 45 allied defense forces (Business Wire)

AeroVironment [AVAV] on Tuesday said it has acquired Pulse Aerospace, LLC for $25.7 million in cash, adding a product line of small vertical take-off and landing (VTOL) unmanned aircraft system (UAS) products to its existing suite of hand-launched fixed-wing UAS systems. AeroVironment said the deal increases its addressable market with the new mission capabilities. The deal terms include an earn-out provisions of $5 million. AeroVironment expects the transaction to be accretive to its earnings by the third full year of…

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