BAE Systems completed the acquisition of Malloy Aeronautics.

BAE Systems, a multinational arms, security and aerospace company, completed the acquisition of Malloy Aeronautics, a company in heavy lift drone and aeronautical technologies. Financial terms were not disclosed. "Our acquisition of Malloy Aeronautics is part of our ongoing strategy to develop and invest in breakthrough technologies which augment our existing capabilities and provide our customers with the innovation they need in response to evolving requirements. We’re confident that the synergy between our two companies will pave the way for even greater achievements in uncrewed aerial systems and technologies," Simon Barnes, BAE Systems Managing Director of Air sector.