Simi Valley, California-based unmanned aircraft systems (UAS) company AeroVironment announced Wednesday it has acquired Manassas-based Progeny Systems Corp.’s Intelligent Systems Group (ISG) for $30 million in an all-cash transaction.
ISG develops artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies for the Department of Defense and intelligence community. The company reported more than $10 million in 2020 revenues and employs 40 people. All employees will continue in their current roles under the acquisition.
ISG will become part of AeroVironment’s MacCready Works Advanced Solutions team, which focuses on research and development.
