The transaction, which comes nearly four years after Acorn bought Black Sage, is part of the latter’s expansion strategy, Acorn Growth said Tuesday.
Oklahoma-headquartered Acorn Growth bought Black Sage in 2019 and helped the counter-drone technology maker to gain a footing in the defense market through capital investment and industry partnership initiatives.
Earlier this month, Highlander Partners said it made the acquisition to capture a bigger share of the market for counter-unmanned aerial vehicles.
Lockheed Martin will add Ultra Maritime’s sonar, sonobuoys, torpedo defense and autonomous maritime sensing capabilities Ultra Maritime’s portfolio will strengthen…
Army Comptroller Marc Andersen has called for scaling private capital to strengthen national security Army installations can support industrial growth,…
