AeroVironment Inc. announced Wednesday that it had acquired the intelligent systems group of Progeny Systems Corp. for $30 million. AeroVironment’s stock surged on Wednesday.

The Simi Valley unmanned aircraft manufacturer will pay Progeny in Manassas, Va. an additional $6 million over three years if specific performance targets are met.

The intelligent systems group’s Virginia facility will now operate as the new Artificial Intelligence Innovation Center for AeroVironment.


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