Thales subsidiary to take full ownership of Advanced Acoustic Concepts
AAC has been focused on the design and delivery of technologically advanced systems for the warfighter. (Image: AAC)
Thales Defense & Security Inc (TDSI) is buying out the stake held by Leonardo DRS in their Advanced Acoustic Concepts (AAC) JV.
The US subsidiary of Thales did not disclose the value of the buyout when it announced on 26 April that it has entered into a ‘definitive agreement’ to assume full ownership of AAC.
The company provides advanced sonar, training and knowledge management systems to the USN under an open business, open systems technology insertion model.
Examples of AAC work to date include the Angler USV programme and the delivery of open architecture COTS processing for combat management systems aboard USN surface ships.
AAC employs more than 200 workers and generated $80 million in sales in 2021.
More from Defence Notes
-
MBDA navigates supply chain pressures amidst increased demand for armaments
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
-
Why UK defence still faces an uncertain future and difficult decisions
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
-
What's the deal with defence procurement? (podcast)
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.