Airbus Helicopters Buys Unmanned Aerial System Maker Aerovel
January 15 2024 - 8:48AM
Dow Jones News
By Mauro Orru
Airbus agreed to acquire U.S. aerospace company Aerovel for an
undisclosed sum as part of plans to expand its unmanned aerial
system business.
The European aircraft manufacturer said Monday that its
helicopter unit had signed an agreement to acquire the Bingen,
Washington-based company.
"This strategic acquisition aligns with our vision to expand our
UAS offering and respond to a growing customer demand worldwide for
additional mission capabilities such as manned-unmanned teaming,"
said Bruno Even, chief executive of Airbus Helicopters.
The acquisition remains subject to regulatory approvals and
other customary conditions, and is expected to close this year.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
January 15, 2024 08:33 ET (13:33 GMT)
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