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AeroVironment Completes Acquisition Of Arcturus UAV

AeroVironment Completes Acquisition Of Arcturus UAV
Spc. Christopher McCoy assigned to 1st Engineer Battalion, 1st Infantry Division, conducts an engine start on the Arcturus UAV JUMP 20 prior to a launch during the FTUAS capabilities assessment at Fort Riley, Kansas, April 8, 2020 (Photo Credit: Program Executive Office Aviation)

AeroVironment [AVAV] on Monday said it has completed its $405 million acquisition of Arcturus UAV, expanding the company’s portfolio of unmanned air vehicles (UAVs) to include medium-endurance systems. AeroVironment’s legacy UAV capabilities are in Group 1 hand-launched systems for U.S. and international military customers. Arcturus develops and produces UAVs in the Group 2 category, which weigh between 21 and 55-pounds, and Group 3, which weigh less than 1,320 pounds. Arcturus is one of six companies competing for task order under…

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