Aerovironment buys Arcturus UAV in $405M deal
January 16, 2021
WASHINGTON — Aerovironment, a leading supplier of unmanned aircraft systems to the U.S. military, has purchased Arcturus UAV for $405 million. Arcturus is currently competing for a $1 billion Army contract to replace the Shadow tactical unmanned aircraft system.
Arcturus, which was founded in 2004 in California, specializes in Group 2 and 3 UAS, which run the gamut between drones over 20…