Thales subsidiary fully acquires Advanced Acoustic Concepts
TDSI's plans to buy out Leonardo DRS's stake in the AAC joint venture were made public in April 2022. (Photo: 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
-
![US, Canada advance with over-the-horizon radar programmes to close NORAD surveillance gaps]()
US, Canada advance with over-the-horizon radar programmes to close NORAD surveillance gaps
Washington and Ottawa’s Arctic and homeland radar initiatives aim to strengthen early warning against cruise missiles, hypersonic weapons and long-range aerospace threats approaching North America.
-
![The speed of relevance: how companies can navigate the new era of European defence procurement]()
The speed of relevance: how companies can navigate the new era of European defence procurement
European militaries face a rapidly evolving security landscape and defence production must accelerate to meet surging demand for platforms and equipment. Industry needs to adapt to ensure it gets its products into the hands of the end user, Evelyn Rafferty, Senior Director Aerospace and Defence - Europe at Plexus told Shephard’s Gerrard Cowan.
-
![Delays, departures and drama cloud UK defence programmes ahead of absent DIP]()
Delays, departures and drama cloud UK defence programmes ahead of absent DIP
The UK defence secretary’s departure suggests that the long-delayed Defence Investment Plan is unlikely to meet the funding demands of the armed forces, with consequences for procurement and the UK’s standing at a NATO summit weeks away.
