Defense technology company Anduril Industries announced that it has acquired Area-I, a company that specializes in air launched effects (ALEs). The acquisition expands Anduril’s portfolio of unmanned aerial systems, creates new opportunities for its software-defined capabilities such as mission autonomy and intelligent teaming and significantly accelerates the company’s strategic growth.
Area-I is a market leader in unmanned aerial systems. The Georgia-based aerospace company is the go-to source of agile-launched, tube-stored aircraft, such as its Agile-Launched, Tactically-Integrated, Unmanned System (ALTIUS) platform, which offers unrivaled endurance and payload capacity in its size class.
“This is a great strategic fit for our companies,” said Anduril co-founder and CEO Brian Schimpf. “By adding ALTIUS to our suite of products including our Lattice software platform, we are increasing Anduril’s value to our defense customers. Together with Area-I’s proven expertise, we will rapidly advance our shared mission of modernizing the defense capabilities of the U.S. and our allies with transformative technology.”
Founded in 2009, Area-I will operate as a wholly owned subsidiary of Anduril and will continue to operate under the Area-I brand.
“By joining Anduril, Area-I will now have an infusion of capital that will provide additional access to critical resources and significantly increase IRAD investment, which will serve to maintain our competitive edge in the market,” said Area-I founder and CEO Dr. Nicholas Alley. “The new capital will enable us to further accelerate our innovations and continue to set the standard by which other tube-launched UAS are measured.”
Gunderson Dettmer LLP and Covington & Burling LLP served as legal advisors to Anduril. Cozen O’Conner LLP served as legal advisor and BlackArch Partners served as financial advisor to Area-I.
Source: Press Release
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