AeroVironment completes $120M Tomahawk Robotics purchase

AeroVironment announced today it has completed its acquisition of Tomahawk Robotics, a maker of artificial intelligence-enabled robotic control systems, for $120 million in a mix of cash and stock.

"Now that the acquisition is finalized, we’re able to further integrate both companies' technologies and accelerate our implementation of AI and autonomy into AeroVironment's platforms, enabling us to offer the best solutions for our customers' operational needs," Wahid Nawabi, AeroVironment's chairman, president and CEO, said in a statement. The company announced the purchase last month.

Tomahawk Robotics will become part of the small uncrewed aerial systems business unit within AeroVironment's Unmanned Systems segment.