AeroVironment, Inc. Completes Tomahawk Robotics Acquisition
September 18, 2023
ARLINGTON, Va., September 18, 2023 – AeroVironment has completed its acquisition of Tomahawk Robotics, a leader in AI-enabled robotic control and integrated communications systems. AeroVironment signed a definitive agreement to purchase Tomahawk Robotics in August for a total purchase price of $120 million to be paid in a mix of cash and stock.
“Now that the acquisition is finalized, we’re able to further integrate both companies’ technologies and accelerate our implementation of AI and autonomy into AeroVironment’s platforms, enabling us to offer the best solutions for our customers’ operational needs,” said Wahid Nawabi, AeroVironment’s Chairman, President and CEO.
Tomahawk Robotics’ flagship AI-enabled control system, Kinesis, is the most widely used solution for common controllers across U.S. DoD and the greater defense industry. Pairing AeroVironment’s unmanned systems with Tomahawk Robotics’ AI-enabled technology will allow warfighters to operate various interconnected robotic solutions on the battlefield and share information between multiple domains and platforms with one common controller.
“We’re thrilled for Tomahawk Robotics’ employees to join AeroVironment and we look forward to welcoming them into our expanding team,” continued Nawabi. “Tomahawk employees will contribute to the growth of our already talented workforce and are joining AeroVironment’s culture of innovation and exploration in which they can continue to develop in their careers.”
Tomahawk Robotics will become part of the Small UAS (SUAS) business unit within AeroVironment’s Unmanned Systems segment. AeroVironment plans to support all existing Tomahawk Robotics customers and Tomahawk’s products will remain platform, market and industry agnostic. AeroVironment also plans to introduce Tomahawk Robotics’ solutions to the company’s growing customer base of more than 55 allied nations.
About AeroVironment, Inc. (AV)
AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Headquartered in Virginia, AeroVironment is a global leader in intelligent, multi-domain robotic systems and serves defense, government and commercial customers. For more information, visit www.avinc.com.
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