AeroVironment to acquire Arcturus UAV for $405 million

AeroVironment has entered into a definitive agreement to acquire Arcturus UAV for $405 million in cash and stock. Arcturus UAV designs and manufactures Group 2 and 3 unmanned aircraft systems and has approximately 270 employees.

“AeroVironment, Inc. and Arcturus UAV, Inc. today announced that they have entered into a definitive agreement under which AeroVironment will acquire Arcturus UAV for a total purchase price of $405 million.”businesswire.com

• 1 source
• businesswire.comAeroVironment to Acquire Arcturus UAV, Expanding Product Portfolio and Reach into Group 2 and 3 Unmanned Aircraft Systems SegmentsMediaJan 13, 2021

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