Arlington, VA-based AeroVironment (NASDAQ: AVAV), acquired Tomahawk Robotics, a Melbourne, FL-based company which specializes in AI-enabled robotic control systems.
The two companies entered into a definitive agreement under which AeroVironment will acquire 100% of Tomahawk Robotics equity for a total purchase price of $120M to be paid in a mix of cash and stock.
The acquisition will enable integration of both companies’ technology to enhanced interoperability and interconnectivity of unmanned systems through a singular platform with similar control features.
Founded by Brad Truesdell and Matt Summer in 2018, Tomahawk Robotics is the company behind the Kinesis Ecosystem, a tactical capability designed for the warfighter first. At the heart of this innovation lies Kinesis, an AI-enhanced and open architecture common control system that integrates the network of battle-proven unmanned expeditionary vehicles, sensors, and third-party software onto a single pane of glass.
Led by CEO Wahid Nawabi, AeroVironment is a leader in intelligent multi-domain robotic systems, uncrewed aircraft and ground systems, sensors, software analytics and connectivity.
FinSMEs
23/08/2023