{"id":37,"date":"2020-08-04T13:00:00","date_gmt":"2020-08-04T20:00:00","guid":{"rendered":"https:\/\/theairogroup.com\/staging\/?p=37"},"modified":"2022-01-05T16:24:05","modified_gmt":"2022-01-05T23:24:05","slug":"agreement-expands-airo-portfolio","status":"publish","type":"post","link":"https:\/\/theairogroup.com\/staging\/agreement-expands-airo-portfolio\/","title":{"rendered":"Aspen Avionics Enters into Agreement with the AIRO Group of Aerospace Companies"},"content":{"rendered":"\r\n<div class=\"wp-block-group\">\r\n<div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\r\n<h4 class=\"wp-block-heading\"><em><strong>Agreement expands AIRO Group\u2019s diversified portfolio of aerospace companies supporting commercial, military, robotics, manned\/unmanned aerial systems and multi-modal aircraft<\/strong><\/em><\/h4>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p><strong>Albuquerque, NM;\u00a0August 4, 2020<\/strong>: Today, <a href=\"https:\/\/marketing.aspenavionics.com\/acton\/ct\/26251\/e-04d3-2008\/Bct\/l-tst\/l-tst:0\/ct0_0\/1?sid=TV2%3AnrTgj3QBN\">Aspen Avionics<\/a> announces it has entered into an agreement in principle to become a member of the AIRO Group of companies. Under this agreement, Aspen Avionics will continue to operate as it does presently; continuing to support the general aviation market segment.<\/p>\r\n\r\n\r\n\r\n<p>As part of the AIRO Group, Aspen will expand its investments, resources, and new technologies in not only avionics for general aviation but also to offer avionics solutions for manned and unmanned flight platforms for commercial, military, robotics and multi-modal aircraft.\u00a0 Additionally, Aspen will be key in providing electronics engineering, product development, supply chain, customer support, and marketing disciplines to support other AIRO Group companies.<\/p>\r\n\r\n\r\n\r\n<p>\u201cThe AIRO Group and its associated portfolio of businesses operating in rapidly growing aerospace segments are positioned to be a major mid-market aerospace entity helping define the next generation of aerospace technologies. Aspen\u2019s technology, manufacturing, and engineering development capabilities will be key to the success of AIRO,\u201d said Dr. Chirinjeev Kathuria, chairman of the board, AIRO Group.<\/p>\r\n\r\n\r\n\r\n<p>\u201cAs a recognized innovator in the general aviation segment, Aspen\u2019s inclusion in the AIRO Group\u2019s diversified company portfolio not only helps strengthen Aspen Avionics current business lines but opens up opportunities in other aerospace markets that will enable future growth and innovation,\u201d said John Uczekaj, president and CEO of Aspen Avionics.\u00a0 \u201cThis is a very exciting development for our current and future customers as well as our employees and allows us to take our business to a higher level.\u00a0\u00a0 We are glad to be a part of the comprehensive and diversified group of aerospace technology companies AIRO is building that span a wide range of rapidly growing aerospace markets,\u201d continued Uczekaj.<\/p>\r\n\r\n\r\n\r\n<p>\u201cThis agreement is a welcome opportunity to grow and strengthen Aspen Avionics and the AIRO Group which will leverage the strengths of both businesses to benefit the general and commercial aviation community and high growth markets in autonomous flight and military training,\u201d said Joe Burns, CEO, the AIRO Group.<\/p>\r\n\r\n\r\n\r\n<p>\u201cThe AIRO Group is a dynamic new-entry, integrated mid-cap Aerospace &amp; Defense (A&amp;D) platform focused on disruptive technologies supporting three complementary lines of business: Drone Technology \/ Urban Air Mobility, Advanced Avionics and Defense &amp; Training. The inclusion of leading technology companies like Aspen Avionics helps the AIRO Group further capitalize on the attractive A&amp;D market trends around autonomy, avionics, and military training.\u00a0 We are excited to work with the AIRO Group, Aspen Avionics and their partners to help realize the potential of this unique market opportunity,\u201d said Chris Gidden, Managing Director and Global Head of A&amp;D for Stephens.<\/p>\r\n\r\n\r\n\r\n<p>Stephens is serving as the financial advisor to the AIRO Group. KippsDeSanto is advising Aspen Avionics. \u00a0The transaction is expected to be completed by the end of 2020.<\/p>\r\n\r\n\r\n\r\n<p><strong>About Aspen Avionics, Inc.<\/strong><\/p>\r\n\r\n\r\n\r\n<p><em>A new way to look at avionics.\u2122<\/em>\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Based in Albuquerque, New Mexico, Aspen Avionics specializes in bringing the most advanced display and sensor technology from the commercial and business aviation markets into general aviation cockpits\u2014and budgets. Together, our Evolution Flight Display System, and NexNav\u2122 GPS sensors help enable the aviation community to affordably meet the FAA\u2019s NextGen mandate. Aspen is also responsible for introducing the industry\u2019s first wireless technology that enables transmission of flight plans from an iPad to certified avionics with its patented Connected\u2122 Panel. At Aspen Avionics, we design products to be affordable, easy to install, and easy to own. The company can be found online at <a href=\"file:\/\/\/C:\/Users\/Perri.Coyne\/AppData\/Roaming\/Microsoft\/Windows\/Network%20Shortcuts\/www.aspenavionics.com\">www.aspenavionics.com<\/a>, and may be reached at (505) 856-5034.<\/p>\r\n\r\n\r\n\r\n<p><strong>About The AIRO Group<\/strong><\/p>\r\n\r\n\r\n\r\n<p>The AIRO Group brings together decades of industry-leading technology with its group companies to provide best-in-class products and services uniquely capable of addressing a wide spectrum of aerospace markets.\u00a0<br \/><br \/>The AIRO Group leverages technologies that span data systems, resupply package delivery, military aerospace training, military, and commercial manned\/unmanned aircraft systems and avionics technologies. Together, these companies represent a transformation of the aerospace industry by providing a diversified offering of capabilities positioned to be the first mid-tier, full-spectrum aerospace company offering end-to-end solutions for the industry. The company can be found at <a href=\"https:\/\/marketing.aspenavionics.com\/acton\/ct\/26251\/e-04d3-2008\/Bct\/l-tst\/l-tst:0\/ct4_0\/1?sid=TV2%3AnrTgj3QBN\">www.theairogroup.com<\/a>.<\/p>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Agreement expands AIRO Group\u2019s diversified portfolio of aerospace companies supporting commercial, military, robotics, manned\/unmanned aerial systems and multi-modal aircraft Albuquerque, NM;\u00a0August 4, 2020: Today, Aspen Avionics announces it has entered into an agreement in principle to become a member of the AIRO Group of companies. Under this agreement, Aspen Avionics will continue to operate as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37","post","type-post","status-publish","format-standard","hentry","category-industry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aspen Avionics Enters into Agreement with the AIRO Group of Aerospace Companies - The AIRO Group<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aspen Avionics Enters into Agreement with the AIRO Group of Aerospace Companies - The AIRO Group\" \/>\n<meta property=\"og:description\" content=\"Agreement expands AIRO Group\u2019s diversified portfolio of aerospace companies supporting commercial, military, robotics, manned\/unmanned aerial systems and multi-modal aircraft Albuquerque, NM;\u00a0August 4, 2020: Today, Aspen Avionics announces it has entered into an agreement in principle to become a member of the AIRO Group of companies. 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