AeroVironment Acquires VTOL UAS Developer Pulse Aerospace, LLC for $25.7 Million to Strengthen Family of Small Unmanned Aircraft Systems
- Pulse’s complementary Vertical Takeoff and Landing (VTOL) product family strengthens AeroVironment’s leading family of fixed-wing small unmanned aircraft systems (UAS)
-
Acquisition expands total addressable market by increasing mission
capabilities of
AeroVironment family of systems Pulse Aerospace receives multi-year contract award with a maximum value of more than$13 million from undisclosed defense customer for Vapor VTOL unmanned systems, spares and services-
Acquisition expected to be accretive to
AeroVironment earnings by the third full year of operations
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190611005589/en/
AeroVironment’s Family of Small Unmanned Aircraft Systems support
“The talented
“We are excited to join together to realize the full benefits of this
transaction as we employ key, future-defining technologies such as
robotics, sensors, software analytics and connectivity. Additionally, we
look forward to gaining access to the strong technical talent pool in
the
“AeroVironment’s global market presence dramatically increases the reach
of Pulse’s VTOL UAS technology,” said
In connection with the transaction, Pulse Aerospace’s
About
Safe Harbor Statement
Certain statements in this press release may constitute "forward-looking
statements" as that term is defined in the Private Securities Litigation
Reform Act of 1995. These statements are made on the basis of current
expectations, forecasts and assumptions that involve risks and
uncertainties, including, but not limited to, economic, competitive,
governmental and technological factors outside of our control, that may
cause our business, strategy or actual results to differ materially from
those expressed or implied. Factors that could cause actual results to
differ materially from the forward-looking statements include, but are
not limited to, our ability to perform under existing contracts and
obtain additional contracts; changes in the regulatory environment; the
activities of competitors; failure of the markets in which we operate to
grow; failure to expand into new markets; failure to develop new
products or integrate new technology with current products; and general
economic and business conditions in
For additional media and information, please follow us at:
Twitter:
http://www.twitter.com/aerovironment
LinkedIn:
https://www.linkedin.com/company/aerovironment
Instagram:https://www.instagram.com/aerovironmentinc/
View source version on businesswire.com: https://www.businesswire.com/news/home/20190611005589/en/
Source:
AeroVironment, Inc.
Steven Gitlin
+1 (805) 520-8350
pr@avinc.com
Mark Boyer
For AeroVironment, Inc.
+1 (310) 229-5956
mark@boyersyndicate.com