Sierra Nevada buys Volansi after foreclosure
Volansi will operate under a new name within Sierra Nevada to focus on the company’s unmanned aircraft operations but will not become a subsidiary. (Photo: Sierra Nevada)
Sierra Nevadas has strenghtened its VTOL and UAV bidding power in the US by purchasing Volansi and rights to produce its UAVs.
Sierra Nevada has bought Volansi and the portfolio of assets and intellectual property related to the Voly-50 and Voly-T series of UAVs, the company announced on 10 October.
Under the acquisition, Sierra Nevada overtook Volansi’s production facility in Bend, Oregon, and retained about 30 key employees, including engineers.
Sierra Nevada VP for mission solutions and technologies Tim Owings told reporters at the Association of the US Army’s annual conference in Washington, that Volansi lost its venture capital funding and went through a foreclosure.
The purchase signifies Sierra Nevada’s commitment to delivering a next-generation, multi-role, long-haul VTOL platform to US DoD customers and to establish itself as a leading UAV provider.
‘SNC [Sierra Nevada] is committed to delivering a future unmanned system with the payload, range and endurance that our military needs,’ Tim Owings, executive vice president of SNC’s Mission Solutions and Technologies business area noted in a statement.
Sierra Nevada will honour Volansi’s existing contracts with companies such as pharmaceutical firm Merck, Owings said.
Related Equipment in Defence Insight
More from Air Warfare
-
![Airbus to fly new CUAS UAV prototype this year]()
Airbus to fly new CUAS UAV prototype this year
The counter-UAS prototype, named Low-cost Air Defence or ‘LOAD’, will be used to combat kamikaze UAS.
-
![Boeing to remanufacture five more US Army MH-47G Block II Chinooks]()
Boeing to remanufacture five more US Army MH-47G Block II Chinooks
The contract award, worth $240 million, is part of the ongoing effort by the US Army to modernise its Block II Chinook rotorcraft fleet.
-
![Avalon 2025: Australia’s missile and ordnance plans excite companies]()
Avalon 2025: Australia’s missile and ordnance plans excite companies
Australia’s Guided Weapons and Explosive Ordnance (GWEO) industrial plan is ambitious and promises big spending in an effort to create a local and sovereign capability. Companies at last week’s Australian International Airshow near Melbourne were making their pitches.
-
![Avalon 2025: BAE Systems eyes customers for its Strix after initial flight]()
Avalon 2025: BAE Systems eyes customers for its Strix after initial flight
The Strix test effort suffered a setback last year when the prototype incurred minor damage in a hard landing during its second trial flight.
