AeroVironment Acquires VTOL UAS Developer Pulse Aerospace | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited-06.24.19

Airborne UnManned-06.25.19

Airborne Unlimited-06.26.19

AMA Drone Report-06.27.19

Airborne Unlimited-06.21.19

Airborne-YouTube

Airborne Unlimited-06.24.19

Airborne UnManned-06.25.19

Airborne Unlimited-06.26.19

AMA Drone Report-06.27.19

Airborne Unlimited-06.21.19

Thu, Jun 13, 2019

AeroVironment Acquires VTOL UAS Developer Pulse Aerospace

Purchase Valued At $25.7 Million Will Strengthen Family Of Small Unmanned Aircraft Systems

AeroVironment has acquired Pulse Aerospace, LLC, a developer and supplier of small VTOL UAS, for $25.7 million in cash, including milestone-based earn-out payments of $5 million. AeroVironment financed the transaction entirely from available cash on hand.

Pulse Aerospace is a developer of small VTOL UAS technology in the United States. Pulse’s HeliSynth technology brings flight control, payload, and endurance capabilities to market at attractive price points for both defense and commercial end markets. Pulse recently received a multi-year contract award with a maximum value of more than $13 million from an undisclosed defense customer for its Vapor unmanned VTOL systems, spares and services.

AeroVironment expects the transaction to be accretive to its earnings by the third full year of operations.

“The talented Pulse Aerospace team has created a solution set that is unique and will expand our family of unmanned systems by addressing increasing demand from our customers for small VTOL solutions,” said Wahid Nawabi, AeroVironment’s president and chief executive officer. “This transaction brings together two highly complementary companies in terms of products, markets and culture, and will better position AeroVironment to grow our share of the small UAS market. The team at Pulse Aerospace shares our focus on disruptive innovation and we welcome them to AeroVironment. Together, we will deliver even more capability to our customers in the United States and more than 45 allied countries around the world.”

“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 Lawrence, Kansas area to help achieve our long-term growth objectives,” Nawabi added.

“AeroVironment’s global market presence dramatically increases the reach of Pulse’s VTOL UAS technology,” said Aaron Lessig, Pulse Aerospace, LLC’s chief executive officer. “Pulse’s offering expands AeroVironment’s mission capabilities with increased payload capacity, which broadens customer use cases. We look forward to growing AeroVironment’s share of the global unmanned systems market together.”

In connection with the transaction, Pulse Aerospace’s Lawrence, Kansas facility will become AeroVironment Innovation Center - Midwest, with a focus on small VTOL unmanned aircraft and mission planning solutions.

(Image provided with AeroVironment news release)

FMI: www.avinc.com

Advertisement

More News

Airborne 06.24.19: StratoLaunch 4 Sale?, Canada Needs Pilots, MidEast NOTAM

Also: NAC Acquiring ATRs, Kopter’s SH09 Third Proto, UK Red Arrows, Gone West-Jack Swope The Stratolaunch aircraft, developed to launch small payloads into space from a conve>[...]

Airborne-Unmanned 06.18.19: Robotic Skies, OPV Black Hawk, EU Drone Regs

Also: Drone Airspace Webinar, ParaZero SafeAir Mavic, Aerovironment Acquires ulse Aerospace, Amazon Drone Robotic Skies has been selected by Silent Falcon UAS Technologies to provi>[...]

Airborne 06.24.19: StratoLaunch 4 Sale?, Canada Needs Pilots, MidEast NOTAM

Also: NAC Acquiring ATRs, Kopter’s SH09 Third Proto, UK Red Arrows, Gone West-Jack Swope The Stratolaunch aircraft, developed to launch small payloads into space from a conve>[...]

ANN Social Media Program (ANN-SMP) Expanded For Oshkosh 2019!

ANN Keeps Pushing Aviation Media (Kicking and Screaming) Further Into The 21st Century... ANN is, again, radically updating its social media campaign for the upcoming 2019 Oshkosh >[...]

Don't Miss This! 2019 AirVenture Innovation Preview Is Open To Space Requests

Over Half The Possible Feature Slots For the 2019 AIP Are Already Reserved... DON'T MISS OUT ON THIS? Important Update: The 2019 AirVenture Innovation Preview roster is filling up >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2019 Web Development & Design by Pauli Systems, LC