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AVAV — AeroVironment News Story

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Brief: AeroVironment Acquires Empirical Systems Aerospace in $200 Mln Deal

March 17 (Reuters) - AeroVironment Inc AVAV.O:

AEROVIRONMENT: ESAERO WILL OPERATE AS SUBSIDIARY OF CO, REPORTING INTO PRECISION STRIKE & DEFENSE SYSTEMS GROUP

AEROVIRONMENT: DEAL EXPECTED TO BE ACCRETIVE TO ADJUSTED EBITDA IN FIRST YEAR AFTER DEAL CLOSING

AEROVIRONMENT: ACQUIRES EMPIRICAL SYSTEMS AEROSPACE

AEROVIRONMENT: DEAL VALUED AT ABOUT $200 MILLION, WITH ABOUT $160 MILLION IN STOCK & REMAINDER IN CASH

Further company coverage: AVAV.O

 ((Reuters.Briefs@thomsonreuters.com;))

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