Mentioned:
Ondas has a new ambition: long range aerial vehicles for autonomous strikes.
What’s happening:
- Ondas (NASDAQ: ONDS) has entered into a definitive agreement to acquire United Kingdom based aerial vehicle company Rotron Aero
Why it matters:
- Rotron Aero develops unmanned aerial vehicles that are powered by fully proprietary engines for long range military missions and are capable of autonomous strike operations
Going deeper:
- Ondas will acquire Rotron Aero through a combination of both cash and equity
- Ondas has been making a flurry of new acquisitions lately, including recently purchasing tactical ground robotics company Roboteam for $80M USD
