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AeroVironment Completes Acquisition Of Arcturus UAV

Cal Biesecker By
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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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