# 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.

- Type: Acquisition
- Announced: 2021-01-13
- Where: Petaluma, California, United States
- Value: $405.0M
- Status: announced
- Products: unmanned aircraft systems
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [AeroVironment](https://endata.com/companies/27059.md) (acquirer)
- [Arcturus UAV](https://endata.com/companies/52518.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20210113005852/en/AeroVironment-to-Acquire-Arcturus-UAV-Expanding-Product-Portfolio-and-Reach-into-Group-2-and-3-Unmanned-Aircraft-Systems-Segments), 2021-01-13: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.