AeroVironment Acquires Planck Aerosystems – DRONELIFE
by DRONELIFE Staff Writer Ian M Crosby
AeroVironment [NASDAQ:AVAV] is one of the holdings in the AdvisorShares Drone Technology ETF [NYSE ARCA:UAV], the only ETF dedicated to the drone economy. The AdvisorShares Drone Technology ETF is a thematic investment strategy seeking to capture the growth opportunities in drones and autonomous vehicles (AV). AdvisorShares is a DRONELIFE sponsor.
Today, intelligent multi-domain robotic systems leader AeroVironment, Inc. announced its acquisition of advanced unmanned aircraft navigation solutions provider Planck Aerosystems.
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The small San Diego-based company will be acquired by AeroVironment’s Petaluma-based medium unmanned aircraft systems (MUAS) business segment in order to integrate its flight autonomy solutions like ACE (Autonomous Control Engine) to allow for safe, autonomous takeoff and landing from mobile platforms in areas lacking GPS….