AeroVironment Acquires VTOL UAS Developer Pulse Aerospace, LLC for $25.7 Million

AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, today announced it 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. ["]