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AeroVironment shares take off after $405M drone deal announced

By   /  Thursday, January 14th, 2021  /  Banking & Finance, East Ventura County, Latest news, right, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →

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AeroVironment expands into ground robotics with German acquisition

By   /  Friday, December 11th, 2020  /  Banking & Finance, Earnings, East Ventura County, Latest news, Subscriber content, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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.

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Simi Valley’s AeroVironment buys German robotics firm for $45M

By   /  Tuesday, December 8th, 2020  /  Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →

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AeroVironment’s revenue up, profit down

By   /  Wednesday, September 9th, 2020  /  Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →

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AeroVironment, Teledyne land U.S. defense contracts

By   /  Tuesday, August 20th, 2019  /  East Ventura County, Latest news, Technology  /  Comments Off on AeroVironment, Teledyne land U.S. defense contracts

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Tech companies court Navy at port expo

By   /  Friday, August 2nd, 2019  /  Latest news, Startups, Technology, West Ventura County  /  Comments Off on Tech companies court Navy at port expo

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AeroVironment lands $17 million contract for small drones

By   /  Tuesday, April 2nd, 2019  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on AeroVironment lands $17 million contract for small drones

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

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