American Aerospace Technologies, Inc. (AATI) of Conshohocken, PA announced on December 18 it has acquired the assets of PAE ISR LLC, including the Resolute Eagle, a Group 3 unmanned aircraft system. The acquisition was financed by Riva Ridge Capital Management.
AATI is an industry-leading
provider of airborne intelligence and communications systems for oil & gas
and other critical infrastructure operators. The acquisition, a result of PAE’s
planned divestiture of its original equipment manufacturing (OEM) business,
expands AATI’s offerings in the unmanned aircraft systems (UAS) market.
“With the acquisition of PAE
ISR’s assets, we are extending the product depth and customer penetration of
AATI. The widely recognized capabilities and proficiency of the Resolute Eagle
is a natural fit with our existing portfolio,” said David Yoel,
founder and chief executive officer of AATI. “We see enormous potential
for Beyond Visual Line-of-Sight (BVLOS) UAS in critical infrastructure
applications. As we enter the era of unmanned commercial aviation, this
acquisition gives us an expanded presence in the rapidly accelerating BVLOS UAS
market.”
Designed for reliable landing and
recovery without a runway, the Resolute Eagle is one airframe that has two
configurations: conventional takeoff and landing, and a hybrid vertical takeoff
and landing alternative. Both are designed to operate from small areas in
difficult terrain and are expected to enable a wide range of applications, including
in the midstream and upstream oil & gas, telecom and emergency response
markets, among others.
AATI is also the OEM of the InstiMaps Automated Threat Detection System, a cloud-connected multispectral sensor solution with onboard AI that has been integrated with the Resolute Eagle. InstiMaps offers business and government enterprise customers an end-to-end solution that delivers critical imagery through a cloud-based intelligence gateway to end users across an enterprise in near real time.
Source: AATI
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