What Happened
Canadian Aerospace Firm Expands Technology Base And Global Reach
Volatus Aerospace, a Canadian-headquartered global aerospace and defence company, has completed its acquisition of AISPECO, a Lithuania-based developer and manufacturer of modular airborne sensor systems and proprietary flight-management software. The acquisition brings ownership of sensor integration platforms, onboard electronics, and mission software into Volatus’ existing aircraft operations, manufacturing capabilities, and international customer network. This combination positions the company to expand technology sales, deliver higher-value aerial intelligence services, and develop additional solutions for commercial, infrastructure, defence, and security customers, as reported by Globe Newswire.