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AeroVironment's move comes after acquiring Manassas AI division for $30M
Kate Andrews //June 16, 2021//
AeroVironment's move comes after acquiring Manassas AI division for $30M
Kate Andrews // June 16, 2021//
AeroVironment Inc., a producer of drones and robotics systems, announced Tuesday it has relocated its corporate headquarters from Simi Valley, California, to Arlington.
“The greater Washington, D.C., area is where many of our key customers are located, and expanding our presence in the region will further our access to decision makers, influencers and talent,” AeroVironment President and CEO Wahid Nawabi said in a statement. “Our recent acquisition of Progeny Systems ISG and our new Artificial Intelligence Innovation Center expand our footprint near the Beltway and build on our momentum as we continue to grow our portfolio and global scope.”
In February, AeroVironment acquired Manassas-based Progeny Systems Corp.’s Intelligent Systems Group (ISG) for $30 million in cash. Although at the time of the acquisition, the company said it would operate the ISG facility in Manassas as its Artificial Intelligence Innovation Center, the new headquarters is on South 18th Street in Arlington’s Crystal City area, near the Reagan Washington National Airport.
