AeroVironment acquires ESAero for 200 million dollars
Drone maker AeroVironment has purchased Empirical Systems Aerospace for 200 million dollars. The acquisition aims to bolster its defense technology portfolio.
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AeroVironment, Inc. has announced the acquisition of Empirical Systems Aerospace (ESAero), a developer of unmanned aircraft systems and advanced air mobility platforms, in a deal valued at approximately $200 million. The transaction, consisting of both cash and stock, will see ESAero operate as a subsidiary within the company's precision strike and defense systems group, which is responsible for the production of loitering munitions.
