Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

AeroVironment ($AVAV) Acquires Leading Unmanned Aircraft Navigation Provider Planck Aerosystems

Green Stock News LLC

 

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.

  

Disclaimer

 

This content is not financial advice and is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content and other materials including web content are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or in other investor relations materials that it publishes electronically.

 

View original video news clips here: https://greenstocknews.com/green-stock-newswire 

  

Copyright (c) 2022 TheNewswire - All rights reserved.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.