Drone-maker AeroVironment buys aerospace engineering firm ESAero in $200 million deal

AeroVironment agreed to acquire Empirical Systems Aerospace in a cash-and-stock deal valued at about $200 million. The target produces unmanned aircraft systems and advanced air mobility platforms, expanding AeroVironment's UAS and AAM capabilities and product portfolio. The transaction is a strategic, deal-sized move likely to be viewed positively for AeroVironment's growth in defense and advanced mobility markets.

Analysis

AeroVironment agreed to acquire Empirical Systems Aerospace in a cash-and-stock deal valued at about $200 million. The target produces unmanned aircraft systems and advanced air mobility platforms, expanding AeroVironment's UAS and AAM capabilities and product portfolio. The transaction is a strategic, deal-sized move likely to be viewed positively for AeroVironment's growth in defense and advanced mobility markets.