Airbus, a multinational aerospace corporation, completed the acquisition of Aerovel, an aerospace company. Financial terms were not disclosed. "We see more and more armed forces and parapublic agencies around the world looking to investigate how unmanned aerial systems can strengthen their intelligence and surveillance capabilities. The Flexrotor, as a vertical takeoff and landing UAS, fits into our strategy to expand our UAS offerings. Together with the VSR700, we will continue to develop manned-unmanned teaming to offer our customers the enhanced and expanded mission capabilities that they require to monitor and safeguard their communities and critical infrastructure, while preserving essential assets such as helicopters,” Mathilde Royer, Airbus Head of Strategy and Sustainability.