Latest News
AeroVironment Acquires Unmanned Aircraft Navigation Solutions Provider Planck Aerosystems
Thursday 18 August 2022

US-based multi-domain robotic systems specialist AeroVironment, Inc. (NASDAQ: AVAV) has acquired US-based unmanned aircraft navigation solutions provider Planck Aerosystems, Inc, the company said.

The acquisition will significantly accelerate AeroVironment's development of advanced autonomy capabilities.

Founded in 2014, Planck has worked closely with customers from the US Department of Defense, security agencies, allied governments and offshore industrials to develop customer-centric unmanned aircraft solutions.

Planck's products include embedded technologies and fully integrated unmanned aircraft systems and leverage their deep technical expertise in UAS guidance and navigation, autonomy and artificial intelligence.

Planck is a small technology company based in San Diego, California and will be acquired by AeroVironment's Petaluma-based medium unmanned aircraft systems business segment to focus on integrating its flight autonomy solutions, such as ACE (Autonomous Control Engine), into AeroVironment's offerings to enable safe, autonomous takeoff and landing from moving platforms on land or at sea in GPS-denied environments.

Other solutions include AVEM, a fully integrated mobile tethered sensor platform designed for persistent autonomous operation from moving vehicles and vessels in any environment, and a suite of machine-learning object detection and tracking systems that are customized for specific end-user needs.

Canaccord Genuity served as the exclusive financial advisor to Planck Aerosystems, Inc. in connection with the transaction.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity.

Headquartered in Virginia, AeroVironment is in intelligent, multi-domain robotic systems and serves defense, government and commercial customers.

Based in San Diego, California, Planck Aerosystems develops and deploys navigation and autonomy solutions for tethered and free flight small unmanned aircraft systems that enable them to operate from moving platforms, including in GPS-denied environments, primarily for defense and industrial applications.

Planck Aerosystems' Autonomous Control Engine has been integrated into over 30 different aircraft types of various sizes and configurations.
Details
Date Published: 18/08/2022

Options