M&A

AeroVironment buys Pulse Aerospace

AeroVironment has acquired fellow unmanned aircraft maker Pulse Aerospace for $27.5 million in cash to add more vertical takeoff-and-landing capability and other technologies that support the platform.

The deal also includes a potential earnout payment of $5 million depending on meeting certain financial milestones, AeroVironment said Tuesday.

Pulse’s fleet of small VTOL aircraft is eyed as complementary to AeroVironment’s family of fixed-wing unmanned aerial systems. Shortly before the acquisition, Pulse booked a $13 million contract with an undisclosed defense customer for its Vapor unmanned VTOL systems, spares and other services.

In addition to the vehicle, Pulse provides its underlying Helisynth technology for flight control, payload and endurance capabilities.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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