AeroVironment Bolsters Unmanned Systems Segment Via Tomahawk Robotics Deal
Portfolio Pulse from Shivani Kumaresan
AeroVironment Inc (NASDAQ:AVAV) has agreed to acquire Tomahawk Robotics for $120 million in cash and stock. The acquisition will enhance the interoperability and interconnectivity of unmanned systems through a singular platform. Tomahawk Robotics will become part of AeroVironment's Unmanned Systems segment. AVAV shares are trading lower by 0.49% at $93.61.
August 22, 2023 | 4:32 pm
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AeroVironment's acquisition of Tomahawk Robotics for $120 million could enhance its Unmanned Systems segment. However, AVAV shares are currently trading lower.
The acquisition of Tomahawk Robotics could potentially enhance AeroVironment's Unmanned Systems segment, which could be beneficial for the company in the long term. However, in the short term, the company's shares are trading lower, which could be due to the market's reaction to the acquisition news.
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