:

Unmanned Systems

AeroVironment Acquires Pulse Aerospace, Adding VTOL UAS To Product Suite

By Cal Biesecker

Tuesday, June 11th, 2019

SHARE:

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…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]