Thales subsidiary fully acquires Advanced Acoustic Concepts
Thales Defense & Security Inc has completed its deal to acquire full ownership of Advanced Acoustic Concepts (AAC) after buying out its joint venture partner Leonardo DRS.
With a 100% stake in AAC, TDSI will increase its footprint in the US defence market.
AAC is a technical player in the US for advanced sonar and training systems.
With over 200 employees, the company generated sales of $80 million in 2021.
Thales did not disclose the deal's financial terms when it announced the completion of the deal on 27 July.
TDSI CEO Mike Sheehan said AAC's experience in surface and airborne ASW and mine countermeasures would strengthen the company's support of the US DoD.
Sheehan added he expected AAC's success to continue under TDSI ownership.
More from Defence Notes
‘The army is really undergoing its most fundamental transformation in 40 years. We are moving away from the system that we designed in the 80s’, Secretary of the Army Christine Wormuth has claimed,
The recently released 2023 Cyber Strategy states that the US will build the capacity and capability of allies and partners in cyberspace and expand avenues of potential cyber cooperation.