Textron Acquiring UIC/AAI

Textron Crop. is acquiring UIC Corp., the parent of AAI Corp., for $1.1 billion in a cash tender offer. AAI Corp. makes the Shadow 200, 300 and 400 UAVs; and is teamed with Honeywell on the micro-air-vehicle (MAV), which uses a ducted fan propulsion system to enable vertical take-off and landing.|

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