American Aerospace acquires long-range drone maker
By Luke Geiver | December 18, 2019
Long-endurance unmanned aircraft systems service provider American Aerospace Technologies Inc. is adding to its aircraft fleet. Through a financing deal with Riva Ridge Capital Management, the New York-based UAS company that has worked with U.S. Federal Aviation Administration UAS test sites, Verizon and oil and gas clients, has acquired a long-range fixed wing drone.
Through the deal, financial details of which were not disclosed, AAT will add the assets of PAE ISR LLC, which includes the Resolute Eagle, a Group 3 UAS.
Designed for reliable landing and recovery without a runway, the Resolute Eagle is one airframe that has two configurations: conventional takeoff and landing, and a hybrid vertical takeoff and landing alternative. Both are designed to operate from small areas in difficult terrain and are expected to enable a wide range of applications, including in the midstream and upstream oil & gas, telecom and emergency response markets, among others.
"We see enormous potential for Beyond Visual Line-of-Sight (BVLOS) UAS in critical infrastructure applications. As we enter the era of unmanned commercial aviation, this acquisition gives us an expanded presence in the rapidly accelerating BVLOS UAS market," said David Yoel, founder and CEO of AATI.
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