John M. Chase/iStock Unreleased via Getty Images
BAE Systems (OTCPK:BAESY) acquired Malloy Aeronautics, a UK-based company in innovative heavy lift drone and aeronautical technologies.
Malloy Aeronautics designs and supplies all-electric uncrewed aerial systems to both civil and military customers.
BAE Systems (OTCPK:BAESY) and Malloy, who have been working together in advancing cutting-edge UAS solutions since 2021, will further develop Malloy’s existing portfolio and accelerate new and novel technologies to customers worldwide.
Malloy Aeronautics will be part of FalconWorks, the research and development business within BAE Systems’ Air sector.
Simon Barnes, Group Managing Director of BAE Systems’ Air sector, said: “..We’re confident that the synergy between our two companies will pave the way for even greater achievements in uncrewed aerial systems and technologies.”
