AeroVironment acquires VTOL Pulse Aerospace LLC

AeroVironment has announced the acquisition of Pulse Aerospace LLC - a developer and supplier of UAS systems - for $ 25.7 million, and Pulse Aerospace LLC - recently received a multi-year contract worth more than From $ 13 million from an undisclosed defense agent.

Wahid Nawabi, President and CEO of AeroVironment, said: “The talented Pulse Aerospace - team has created a unique portfolio of solutions that will expand the types of Drones services in the next few years; This deal brings together two highly integrated products companies; We are excited to merge to realize the full benefits of this transaction, as we will use the key technologies that determine the future of robots, sensors, and software and communication analytics. ”