IMCO Group acquires Innocon
IMCO Group announced on 23 September that one of its subsidiaries has acquired the assets and activities of Innocon.
The deal is worth NIS3 million ($) plus an additional amount equal to 25% of the subsidiary's net profits during a six-year period starting from 1 January 2022.
The acquisition followed an MoU between IMCO and Innocon in February 2021 to develop UAS solutions for the defence and homeland security markets.
Innocon is known for developing and manufacturing micro-, mini- and tactical UAS as well as mission systems for crewed light aircraft. IMCO will fold these capabilities into its portfolio of turkey air, ground, and naval solutions for the Israeli MoD.
As a result, IMCO stated that it will now be able to provide innovative tactical terrain dominance solutions that include the utilisation of UAVs, UGVs and USVs, controlled from a central command centre integrating various advanced software and AI solutions.
More from Air Warfare
-
US Air Force needs over 200 B-21 bombers, expert argues as maiden flight faces delays
The first flight of Northrop Grumman's B-21 Raider stealth bomber has been delayed, while experts argue the US Air Force is in need of more than 300 bombers as tensions heighten across the globe.
-
Australian firm selected for US hypersonic test vehicle requirement
Hypersonix Launch Systems will provide flight vehicles for testing under a US Defense Innovation Unit hypersonic programme.
-
Slovakia to get US attack helicopters after donating jets to Ukraine
The US is offering a dozen AH-1Z Viper helicopters to Slovakia at two-thirds discount with the latter sending its fighters to Ukraine, which would likely extend H-1 production beyond 2023.
-
Singapore at-sea deployment of F-35Bs can overcome airfield dependency
Singapore could potentially deploy F-35Bs from its Joint Multi-Mission Ship to overcome airfield dependency and improve air defence as part of its apparent new security strategy.
-
Iraq emerges as customer for Turkish Aselpod airborne targeting system
An Iraqi Air Force Aero L-159 light attack jet has been photographed fitted with an Aselsan Aselpod targeting system, suggesting that Iraq is the export customer announced in by the company in autumn 2022.