BAE Systems Buys U.K. Drone Specialist
By Christian Moess Laursen
BAE Systems has bought Malloy Aeronautics, a heavy-lift drone specialist for an undisclosed sum, to advance the development of drones capable of delivering heavy supply or evacuating troops.
The defense-and-aerospace group said late Friday that the two U.K. companies--which have been working together since 2021--are developing an all-electric, heavy-lift drone, capable of carrying up to 300 kilograms, as a potential solution to deliver low-cost, rapid-response capability to military, security and civilian customers.
"Our acquisition of Malloy Aeronautics is part of our ongoing strategy to develop and invest in breakthrough technologies," said Simon Barnes, BAE Systems' managing director, air.
Malloy's around 80 employees will continue to operate from its site in Berkshire, U.K.
It will be part of FalconWorks, part of BAE Systems Air's research and development business.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
February 02, 2024 13:09 ET (18:09 GMT)
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