Thales subsidiary fully acquires Advanced Acoustic Concepts
TDSI's plans to buy out Leonardo DRS's stake in the AAC joint venture were made public in April 2022. (Photo: Advanced Acoustic Concepts)
Thales Defense & Security Inc has completed its deal to acquire full ownership of Advanced Acoustic Concepts (AAC) after buying out its joint venture partner Leonardo DRS.
With a 100% stake in AAC, TDSI will increase its footprint in the US defence market.
AAC is a technical player in the US for advanced sonar and training systems.
With over 200 employees, the company generated sales of $80 million in 2021.
Thales did not disclose the deal's financial terms when it announced the completion of the deal on 27 July.
TDSI CEO Mike Sheehan said AAC's experience in surface and airborne ASW and mine countermeasures would strengthen the company's support of the US DoD.
Sheehan added he expected AAC's success to continue under TDSI ownership.
More from Defence Notes
-
Ukraine leads the way on battlefield use of directed energy weapons
Increased drone use in Ukraine and in Middle Eastern conflicts has created a strong impetus to develop laser and radio-frequency firepower as exploration of direct-energy technology intensifies.
-
Saudi Arabia eyes large procurement spend as it boosts 2025 defence budget to $78 billion
The new figure is an increase from US$75.8 billion in 2024 and showcases the country’s focus on its Saudi Vision 2030 to achieve a diversified and sustainable economy, reducing the Kingdom’s dependency on oil.
-
Broad demand for land and technology equipment boosts defence companies’ financial results
Financial reporting season for the calendar year of 2024 has continued to show substantial growth for defence companies as countries across the world, particularly those in Europe, open the chequebook.
-
EU commits to increased defence spending and boosting capability
There has been increased pressure from the second-term Trump administration in the US, as there was in the first term, for increased defence spending from non-US NATO countries, a move which is noted by Europe as already occurring.
-
Can the Trump administration overcome the Pentagon's multiple capability integration issues?
Better integration of systems and sensors across the branches will be critical to ensuring deterrence and readiness.
-
Trump enters the White House promising into bring the US military to a “golden age”
The returning US president also reiterated a commitment to supply the services with “made-in-America” capabilities and to end conflicts worldwide.