PARIS -- Thales' US subsidiary Thales Defense & Security, Inc. (TDSI) has acquired full ownership of AAC, their joint venture with Leonardo DRS. ? Terms were not announced.
TDSI serves the defense, federal, and commercial markets as a US provider of mission-critical systems, providing innovative solutions for the ground tactical, airborne and avionics, naval/maritime, and security domains. As a subsidiary of Thales, TDSI operates in accordance with a Proxy Agreement approved by the US Department of Defense to mitigate concerns associated with Foreign Ownership, Control, or Influence (FOCI).
With a well-recognized technology portfolio, TDSI serves as a gateway, leveraging proven Thales solutions from around the world - such as combat management systems; airborne, ship and ground radars; helmet mounted displays; missile fuzes; and battlefield sensors - to address US requirements.
AAC is one of the main US technical players in the fields of advanced sonar, training and knowledge management systems. The company delivers modernization systems for the US Navy through an open business, open systems technology insertion model. With more than 200 employees, AAC generated $80 million (about EUR€70 Million) sales in 2021.
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