AeroVironment acquired Tomahawk Robotics, Inc. for $120 million, a transaction completed in September 2023, structured as Cash-and-stock: total purchase price of $120 million paid in a mix of cash and stock.
Tomahawk Robotics, Inc. operates in AI-enabled robotic control systems (Unmanned Systems / SUAS), is based in Melbourne, Florida, United States. AeroVironment acquired Tomahawk Robotics, Inc., a Melbourne, Florida-based leader in AI-enabled robotic common control systems, via a merger for a total purchase price of $120 million in cash and stock. Founded in 2018 by Brad Truesdell and Matt Summer, Tomahawk built the Kinesis Ecosystem, an AI-enhanced, open-architecture common control system that integrates unmanned vehicles, sensors and third-party software onto a single interface; Kinesis had already been integrated into AeroVironment's Raven B and Puma 3 AE small UAS in 2022.
Tomahawk's common-control technology paired with AeroVironment's Crysalis operating system to enable warfighters to control multiple connected robotic systems from one controller, accelerate adoption of AI and autonomy, and deliver a Modular Open System Approach (MOSA) sought by customers.
A respected AI common-control platform (Kinesis) already integrated with AeroVironment's small UAS, adding AI/autonomy talent and MOSA-aligned interoperability. Small UAS (SUAS) business unit within AeroVironment's Unmanned Systems segment; workforce and Florida facilities retained Tomahawk became part of the SUAS business unit within AeroVironment's Unmanned Systems segment, with its entire workforce and existing Florida facilities retained and products kept platform-agnostic.
The acquisition of Tomahawk Robotics will not only provide AeroVironment with strong new members of our team, but a quality brand and products that are widely respected in the industry.Wahid Nawabi, Chairman, President and CEO, AeroVironment
Joining AeroVironment means our solutions will have a broader reach and the opportunity to be optimized by not only AeroVironment's family of systems, but the broader robotics community, better enabling warfighters across the globe.Brad Truesdell, CEO, Tomahawk Robotics
Advisory firms were not disclosed for this transaction.