Aviation International News: Aspen Avionics Joining New Aerospace/Defense Group


Airo Group has come together as a growing mid-tier aerospace and defense (A&D) company aiming to fill a void left by the mergers of midsize companies with larger A&D players. The group plans to bring nine companies together under Airo’s Project Jupiter after launching with founding companies Airo Drone and AgileDefense. Six other companies are targeted for acquisition under signed letters of intent, including urban air mobility (UAM) vehicle developer VRCO and avionics manufacturer Aspen Avionics, and one company is part of a joint venture.

Read the full article: https://www.ainonline.com/aviation-news/defense/2020-08-04/aspen-avionics-joining-new-aerospace-defense-group

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