AeroVironment makes $30M AI acquisition
AeroVironment, a drone company based in Simi Valley, announced Feb. 24 that it has acquired the Intelligent Systems Group from Progeny Systems Corp. for $30 million or more in cash. The Intelligent Systems Group develops intelligence-enabled computer vision, machine learning and perceptive autonomy technologies and provides those services to United States government customers, AeroVironment said. Read More →
Mars rover lands safely, with drone helicopter from Simi Valley on board
The Mars 2020 rover, carrying on board a first-of-its-kind drone developed by Simi Valley-based AeroVironment, touched down in the Jezero Crater on Feb. 18. The rover was confirmed to have landed safely at 12:56 p.m. Pacific Time, after what’s known as the “seven minutes of terror,” a delay in signal between the Red Planet and Read More →
Wall Street loves AeroVironment’s latest acquisition
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AeroVironment shares take off after $405M drone deal announced
Shares of Simi Valley-based drone company AeroVironment shot up more than 25% on Jan. 14, the day after the company announced a $405 million acquisition of a privately held military drone provider. AeroVironment is acquiring Arcturus UAV, a major provider of Group 2 and 3 unmanned aircraft systems to the U.S. military, for $405 million. Read More →
AeroVironment expands into ground robotics with German acquisition
AeroVironment, an aerial drone company based in Simi Valley, reached an agreement Dec. 8 to acquire Telerob, a German robotics company, in a deal worth approximately $45.4 million in cash.
Simi Valley’s AeroVironment buys German robotics firm for $45M
AeroVironment, an aerial drone company based in Simi Valley, reached an agreement Dec. 8 to acquire Telerob, a German robotics company, in a deal worth approximately $45.4 million in cash. AeroVironment also released its second quarter 2021 earnings on Dec. 8, revealing an increase in revenue, but a 71% drop in earnings from the previous Read More →
AeroVironment’s revenue up, profit down
AeroVironment, the Simi Valley-based drone maker, said revenue in its first quarter grew slightly to $87.4 million as the company’s profit fell to 42 cents per share from 71 cents a year earlier. “We are on track to achieve our fiscal year 2021 plans and deliver another year of profitable top line growth, despite the Read More →
