TCOM Holdings completed the acquisition of Aerostar from Raven Industrials.

TCOM Holdings, a elevated ISR awareness solutions provider, completed the acquisition of Aerostar, a design, manufacture, integration, and operation of persistent stratospheric platforms and radar systems manufacturer, from Raven Industrials, an American company that manufactures precision agriculture products. Financial terms were not disclosed. "We are excited to welcome Aerostar to our growing portfolio of Aerospace and Defense holdings. Our ability to leverage TCOM's proven elevated awareness solutions using tethered aerostats and Aerostar's sophisticated sensors and stratospheric balloons will more broadly serve our DoD, DHS, and allied military customers," Ron Bendlin, TCOM President and Chief Executive Officer.