What Happened
Defense Tech Firm Expands Unmanned Vessel Capabilities
Defense technology company AEVEX is acquiring BlackSea Technologies, a naval technology firm, for up to $650 million. The acquisition aims to expand AEVEX’s presence in the unmanned surface and undersea vessel space, and integrate complementary technology across air, surface, and undersea platforms. BlackSea brings exceptional maritime capability, including the Global Autonomous Reconnaissance Craft, a small unmanned autonomous vessel being experimented with by the Navy. The deal, which includes $250 million in cash and $350 million in AEVEX shares, is expected to close in September. This acquisition was first reported by Breaking Defense.