BAE Systems boosts sea drone capabilities with acquisition

//BAE Systems boosts sea drone capabilities with acquisition

BAE Systems boosts sea drone capabilities with acquisition

Arlington defense contractor BAE Systems Inc. has acquired the key assets of Riptide Autonomous Solutions, which manufactures unmanned, underwater vehicles (UUVs) for the U.S. Navy and other institutions. Terms of the deal, structured as an asset purchase, were not disclosed. All of Riptide's employees have been offered employment with the U.S. subsidiary of the British defense conglomerate, according to a company spokesman. Riptide, founded in 2015 and based in Plymouth, Massachusetts, had 16…

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By | 2019-06-03T18:55:21+00:00 June 3rd, 2019|Budget and Tax|

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