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Aircraft systems provider AeroVironment announces terms

January 3, 2007

AeroVironment, a provider of small unmanned aircraft systems to the U.S. DOD, set the terms for its IPO on Wednesday. The company plans to offer 6.7 million shares at a range of $14-$16. The deal has a proposed market cap of $321 million. Goldman Sachs will lead the group of managers on the deal and has yet to announce timing.