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  12 juin 2019 | International, Aérospatial

  AeroVironment Acquires VTOL UAS Developer Pulse Aerospace, LLC for $25.7 Million to Strengthen Family of Small Unmanned Aircraft Systems

  Pulse's complementary Vertical Takeoff and Landing (VTOL) product family strengthens AeroVironment's leading family of fixed-wing small unmanned aircraft systems (UAS) Acquisition expands total addressable market by increasing mission capabilities of AeroVironment family of systems Pulse Aerospace receives multi-year contract award with a maximum value of more than $13 million from undisclosed defense customer for Vapor VTOL unmanned systems, spares and services Acquisition expected to be accretive to AeroVironment earnings by the third full year of operations SIMI VALLEY, Calif.--(BUSINESS WIRE)--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, today announced it has acquired Pulse Aerospace, LLC, a developer and supplier of small VTOL UAS, for $25.7 million in cash, including milestone-based earn-out payments of $5 million. AeroVironment financed the transaction entirely from available cash on hand. Pulse Aerospace is a leading developer of small VTOL UAS technology in the United States. Pulse's HeliSynth™ technology brings flight control, payload, and endurance capabilities to market at attractive price points for both defense and commercial end markets. Pulse recently received a multi-year contract award with a maximum value of more than $13 million from an undisclosed defense customer for its Vapor unmanned VTOL systems, spares and services. AeroVironment expects the transaction to be accretive to its earnings by the third full year of operations. “The talented Pulse Aerospace team has created a solution set that is unique and will expand our family of unmanned systems by addressing increasing demand from our customers for small VTOL solutions,” said Wahid Nawabi, AeroVironment's president and chief executive officer. “This transaction brings together two highly complementary companies in terms of products, markets and culture, and will better position AeroVironment to grow our share of the small UAS market. The team at Pulse Aerospace shares our focus on disruptive innovation and we welcome them to AeroVironment. Together, we will deliver even more capability to our customers in the United States and more than 45 allied countries around the world.” “We are excited to join together to realize the full benefits of this transaction as we employ key, future-defining technologies such as robotics, sensors, software analytics and connectivity. Additionally, we look forward to gaining access to the strong technical talent pool in the Lawrence, Kansas area to help achieve our long-term growth objectives,” Nawabi added. “AeroVironment's global market presence dramatically increases the reach of Pulse's VTOL UAS technology,” said Aaron Lessig, Pulse Aerospace, LLC's chief executive officer. “Pulse's offering expands AeroVironment's mission capabilities with increased payload capacity, which broadens customer use cases. We look forward to growing AeroVironment's share of the global unmanned systems market together.” In connection with the transaction, Pulse Aerospace's Lawrence, Kansas facility will become AeroVironment Innovation Center - Midwest, with a focus on small VTOL unmanned aircraft and mission planning solutions. About AeroVironment, Inc. (AV) AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information visit www.avinc.com. Safe Harbor Statement Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. https://www.businesswire.com/news/home/20190611005589/en

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  1 septembre 2021 | International, Aérospatial

  Lawmakers Aim to Increase Investment in Aircraft Engine Tech

  Lawmakers Aim to Increase Investment in Aircraft Engine Tech

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  25 août 2020 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité, Autre défense

  Contract Awards by US Department of Defense - August 21, 2020

  ARMY TSI Inc., Shoreview, Minnesota, was awarded a $48,213,673 firm-fixed-price contract for approximately 3,500 M41A1 protection assessment test systems conformance testing certifications, technical documentation and logistics support equipment. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of Aug. 20, 2025. U.S. Army Contracting Command, Aberdeen Proving Ground, Maryland, is the contracting activity (W911SR-20-D-0003). Federal Contracting Inc., Colorado Springs, Colorado, was awarded a $41,906,264 firm-fixed-price contract for construction of a Cyberworx building at the U.S. Air Force Academy. Bids were solicited via the internet with two received. Work will be performed in Colorado Springs, Colorado, with an estimated completion date of July 12, 2023. Fiscal 2020 military construction, defense-wide funds in the amount of $41,906,264 were obligated at the time of the award. U.S. Army Corps of Engineers, Omaha, Nebraska, is the contracting activity (W9128F-20-C-0038). Fugro Earthdata Inc., Frederick, Maryland (W912P9-20-D-0024); and Quantum Spatial Inc., St. Petersburg, Florida (W912P9-20-D-0025), will compete for each order of the $22,666,666 firm-fixed-price contract for basic site plan mapping, land-use/land-type classification and/or change-analysis mapping. Bids were solicited via the internet with 38 received. Work locations and funding will be determined with each order, with an estimated completion date of Aug. 20, 2025. U.S. Army Corps of Engineers, St. Louis, Missouri, is the contracting activity. Dyncorp International LLC, Fort Worth, Texas, was awarded a $12,853,147 modification (P00071) to contract W58RGZ-19-C-0025 for aviation maintenance services. Work will be performed in Afghanistan, with an estimated completion date of Nov. 8, 2020. Fiscal 2020 operations and maintenance (Army) funds in the amount of $12,853,147 were obligated at the time of the award. U.S. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity. AIR FORCE Raytheon Missile and Defense, Tucson, Arizona, has been awarded a $21,803,804 cost-plus-fixed-fee contract for sustainment services associated with the ADM-160B, ADM-160C and C-1 Miniature Air Launched Decoy Jammer. Work will be performed in Tucson, Arizona, and is expected to be completed May 14, 2023. This award is the result of a sole-source acquisition. Fiscal 2020 operations and maintenance funds in the amount of $1,500,000 are being obligated at the time of award. Air Force Life Cycle Management Center, Robins Air Force Base, Georgia, is the contracting activity (FA8520-20-D-0005). NAVY BAE Systems Surface Ships Limited, Portsmouth, United Kingdom, is awarded a $19,914,240 firm-fixed-price, cost-plus-fixed-fee, and cost-only contract for Archerfish Destructor full rate production, maintenance and associated technical services. The work to be performed under this contract will include maintenance, spare and repair parts and evolution of the Archerfish Destructors. BAE Systems will manage the destructor configuration as well as integrate new or upgraded capability and assess the destructor configuration for application to in-service upgrade efforts. This contract includes options which, if exercised, would bring the cumulative maximum value of this contract to $189,268,826. Work will be performed in Portsmouth, United Kingdom (86 %); Marseille, France (8 %); and Rocket Center, West Virginia (6 %), and is expected to be complete by January 2023. Fiscal 2019 weapons procurement (Navy) (62%); 2020 weapons procurement (Navy) (28%); 2020 operations and maintenance (Navy) (9%); and 2018 weapons procurement (Navy) (1%) funding in the amount of $19,914,240 will be obligated at the time of award, of which $1,793,874 will expire at the end of the current fiscal year. This contract was not competitively procured in accordance with 10 U.S. Code 2304(c)(1), this contract was awarded on a sole-source basis (only one responsible source and no other supplies or services will satisfy agency requirements). The Naval Sea Systems Command, Washington, D.C., is the contracting activity (N00024-20-C-6407). MNDPI Pacific JV, Honolulu, Hawaii, is being awarded a not-to-exceed value of $14,000,000 task order (N62742-20-F-0339) as an undefinitized contract under an indefinite-delivery/indefinite-quantity contract for various structural and waterfront projects and other projects at Joint Base Pearl Harbor-Hickam. The work to be performed provides architect-engineer services to conduct a geotechnical investigation in the area west of Dry Dock 3. The investigation is being done to provide data for a proposed future project to construct a new dry dock. All work will be performed in Honolulu, Hawaii, and is expected to be completed by July 2022. Fiscal 2020 military construction (planning and design) contract funds in the amount of $14,000,000 are obligated on this award and will not expire at the end of the current fiscal year. The Naval Facilities Engineering Command, Pacific, Joint Base Pearl Harbor-Hickam, Hawaii, is the contracting activity (N62742-20-D-0004). KBR Wyle Services LLC, Lexington Park, Maryland, is awarded an $8,740,605 cost-plus-fixed-fee, cost contract to provide technical assistance, program management, engineering, financial and logistics support for the integrated product teams that acquire and sustain F-18 series aircraft for Foreign Military Sales (FMS) customers and the governments of Finland and Kuwait. Work will be performed in Lexington Park, Maryland (87.75%); Philadelphia, Pennsylvania (3.6%); Kuwait City, Kuwait (3.6%); North Island, California (2.6%); and Patuxent River, Maryland (2.45%), and is expected to be completed in August 2025. FMS funds in the amount of $8,740,605 will be obligated at time of award, none of which will expire at the end of the current fiscal year. This contract was not competitively procured pursuant to 10 U.S. Code 2304(f)(2)(E). The Naval Air Warfare Center Aircraft Division, Patuxent River, Maryland, is the contracting activity (N00421-20-C-0032). Lockheed Martin Corp., Fort Worth, Texas, is awarded a $7,955,000 cost, cost-share order (N00019-20-F-0565) against basic ordering agreement N00019-19-G-0008. This order is to consolidate Lots 12-14 known issues, funding and requirements on a single contract vehicle to ensure the most fiscally responsible business deals for customers. This supports concurrency related modification and retrofit activities for delivered air systems for the F-35 Lightning II Joint Strike Fighter aircraft for non-Department of Defense (DOD) participants and Foreign Military Sales (FMS) customers. Work will be performed in Fort Worth, Texas and is expected to be completed in December 2025. Non-DOD participant funds in the amount of $6,235,000; and FMS funds in the amount of $1,720,000 will be obligated at time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity. DEFENSE LOGISTICS AGENCY Boeing Distribution Services Inc., Miami, Florida, has been awarded a maximum $19,818,043 firm-fixed-price, requirements type prospective-price-determination contract for supply chain management, logistics support and individually priced parts. This was a sole-source acquisition using 10 U.S. Code 2304 (c)(1), as stated in Federal Acquisition Regulation 6.302-1. This is a five-year base contract with one five-year option period. Location of performance is Florida, with an Aug. 20, 2025, performance completion date. Using military services are Air Force, Navy and Marine Corps. Type of appropriation is fiscal 2020 through 2025 defense working capital funds. The Defense Logistics Agency, Aviation, Richmond, Virginia, is the contracting activity (SPE4AX-20-D-9412). MISSILE DEFENSE AGENCY Lockheed Martin Rotary and Mission Systems, Moorestown, New Jersey, is being awarded an $18,836,895 sole-source, cost-plus-fixed-fee modification (P00375) under previously awarded Aegis Combat Weapon System development contract HQ0276-10-C-0001. The total value of the contract increases from $3,274,230,310, to $3,293,067,205; $65,039,414 of which was obligated for Aegis Ashore Japan (under Contract Line Item Number 0135) and increases to $83,876,309. Under this modification, the contractor will continue performing engineering design support and analysis of alternative services necessary for continuation of planning efforts and risk reduction efforts required to support the Aegis Ashore Japan analysis of alternatives and Foreign Military Sales. The work will be performed in Moorestown, New Jersey, with an expected completion date of Dec. 31, 2020. Funds from the government of Japan in the amount of $18,836,895 are being obligated at the time of award. The Missile Defense Agency, Dahlgren, Virginia, is the contracting activity. *Small Business https://www.defense.gov/Newsroom/Contracts/Contract/Article/2321448/