AeroVironment acquires Planck drone navigation tech specialist
Defense aeronautics and robotics specialist AeroVironment has acquired Planck Aerosystems, maker of navigation technologies for autonomous drones.
Virginia-based AeroVironment announced the deal by predicting the addition of Planck would considerably accelerate its development of advanced autonomy capacities for its drones and other aircraft. The purchase amount for the privately held Planck was not disclosed, and the transaction has already been finalized.
Acquisition of Planck was the first external growth move since AeroVironment transferred its headquarters from California to Arlington, Virginia. It’s also a reflection of the company’s success in developing drones and robotic vehicles for a growing list defense and security clients.
The company recently secured nearly $30 million in business with various agencies of the US military and their allies, including aerial assets covered by aid packages to Ukraine voted by the US Congress. It has…