Announced
Completed
Financials
Tags
Domestic
Private
Acquisition
United States
Friendly
Single Bidder
Majority
aerospace company
Aerospace
Completed
Synopsis
Shield AI, a fast-growing technology company that develops artificial intelligence and self-driving car technologies for the defense industry, completed the acquisition of Martin UAV, an aerospace company. Financial terms were not disclosed. "GPS and communications on the battlefield are no longer assured. A great aircraft without an AI to make intelligent decisions will be sidelined against China, Russia, and an increasing number of adversaries who are fielding electronic warfare and anti-air systems. Shield AI is one of the only companies that has operationalized advanced aircraft autonomy on the battlefield. Hivemind will make V-BAT the first and only Group 3 UAS built for sustained operations in denied environments," Ruben Martin, Martin UAV CEO.
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