AeroVironment to acquire Tomahawk Robotics for $120M in cash, stock

AeroVironment has announced its anticipated acquisition of Tomahawk Robotics, an AI-enabled robotic control systems company. The acquisition will enable deeper integration of both companies’ technology, leading to enhanced interoperability and interconnectivity of unmanned systems through a singular platform with similar control features. This will ultimately enable warfighters to operate various connected robotic solutions in the battlefield and share information between multiple domains with one common controller. The two companies entered into a definitive agreement under which AeroVironment will acquire 100% of Tomahawk Robotics equity for a total purchase price of $120 million to be paid in a mix of cash and stock.