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AeroVironment (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, has announced the acquisition of Planck Aerosystems, a leading provider of advanced unmanned aircraft navigation solutions. The company says that the acquisition will significantly accelerate its development of advanced autonomy capabilities.
Planck is a technology company based in San Diego, California that develops medium unmanned aircraft systems. Its main focus will now be on integrating flight autonomy solutions into AeroVironment’s offerings to enable safe, autonomous takeoff and landing from moving platforms on land or at sea in GPS-denied environments.
Wahid Nawabi, AeroVironment chairman, president and chief executive officer stated: “Planck has a compelling product and technology roadmap with valuable capabilities that we plan to deploy and integrate with AeroVironment’s existing portfolio of intelligent, multi-domain robotic systems. The Planck team has developed advanced unmanned autonomy and navigation solutions for various defense and commercial customers and by working together, we believe we offer more compelling and differentiated solutions to our customers moving forward.”
AeroVironment is an American defense contractor that develops and manufactures technology solutions at the intersection of robotics, sensors, and software analytics.
Shares of AeroVironment trade on the NASDAQ under the ticker symbol AVAV. For more information visit www.greenstocknews.com.
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