Go to section

Thales acquires full ownership of Advanced Acoustic Concepts

Thales Defense & Security, Inc. (TDSI) has acquired full ownership of Advanced Acoustic Concepts (AAC), their joint venture with Leonardo DRS.

27th July 2022. Thales Defense & Security, Inc. (TDSI) has acquired full ownership of Advanced Acoustic Concepts (AAC), their joint venture with Leonardo DRS. As a U.S. industry contractor, AAC has a history of providing successful, innovative systems and solutions across the U.S. Navy’s Undersea Warfare domain. With AAC, TDSI will increase its engineering and industrial footprint in the U.S. defense market, with reinforced U.S.-based teams and capabilities.

Thales Defense & Security, Inc. has acquired full ownership of Advanced Acoustic Concepts, their joint venture with Leonardo DRS / Photo: Thales Group

DSI serves the defense, federal, and commercial markets as a US provider of mission-critical systems, providing innovative solutions for the ground tactical, airborne and avionics, naval/maritime, and security domains. As a subsidiary of Thales, TDSI operates in accordance with a Proxy Agreement approved by the US Department of Defense to mitigate concerns associated with Foreign Ownership, Control, or Influence (FOCI).

With a well-recognized technology portfolio, TDSI serves as a gateway, leveraging proven Thales solutions from around the world – such as combat management systems; airborne, ship and ground radars; helmet mounted displays; missile fuzes; and battlefield sensors – to address U.S. requirements.

AAC is one of the main U.S. technical players in the fields of advanced sonar, training and knowledge management systems. The company delivers modernization systems for the US Navy through an open business, open systems technology insertion model. With more than 200 employees, AAC generated $80 million (~€70 Million) sales in 2021.

AAC’s skills and experience in surface ship Anti-Submarine Warfare (ASW), airborne ASW, and mine countermeasures will strengthen our support of the U.S. DoD, said Mike Sheehan, CEO of Thales Defense & Security, Inc. Further, since its formation, the company has achieved solid performance while supporting the needs of the U.S. Navy. We expect AAC to continue this success under TDSI ownership.

Financial terms of the deal are not being disclosed.

Press release

Comments

Nobody has commented on this article yet.

Leave a Reply

X