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
-
![What the future holds for Ukraine and NATO under a Trump administration]()
What the future holds for Ukraine and NATO under a Trump administration
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
-
![RUSI deputy: UK needs longer procurement plans and improved awareness of US sift to Indo-Pacific]()
RUSI deputy: UK needs longer procurement plans and improved awareness of US sift to Indo-Pacific
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
-
![Australia outlines longer punch and brings local industry onboard]()
Australia outlines longer punch and brings local industry onboard
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
-
![UK boosts defence budget by 5.3%, but is this enough?]()
UK boosts defence budget by 5.3%, but is this enough?
The UK budget announced in Parliament on 30 October is the first by a Labour government in 14 years. While it sees a boost in defence spending, this comes in the face of fiscal challenges and the effects of inflation.
-
![UK makes big moves to fix “broken” defence procurement system ahead of major review]()
UK makes big moves to fix “broken” defence procurement system ahead of major review
The changes are intended to meet greater need and deliver more value for money.
-
![US companies invest in production capabilities to satisfy DoD’s hunger for cutting-edge capabilities]()
US companies invest in production capabilities to satisfy DoD’s hunger for cutting-edge capabilities
BAE Systems, Booz Allen Hamilton and Lockheed Martin have been betting on new facilities and innovative manufacturing technologies to speed up the development of new solutions.
