Mon, Mar 03, 2008
Athena Technologies Builds GuideStar Control System
On Monday, Aero-News
learned Athena Technologies, Inc. -- a privately held company that
develops and provides flight control and navigation solutions
primarily to the Unmanned Aerial Vehicle (UAV) market segment --
will be acquired by Rockwell Collins. Terms of the agreement were
not disclosed.
"This new relationship with Rockwell Collins provides an
exciting and enabling platform to leverage Athena’s
successful navigation and controls systems to play a leading role
in the future convergence of manned and unmanned aviation," said
David Vos, Athena Technologies’ founder and CEO. "It is a
tremendous honor to join the Rockwell Collins team and continue to
pioneer future aviation solutions and technology."
"Athena Technologies’ proven track record in creating
leading navigation and control solutions for UAVs, combined with
our existing capabilities, provides Rockwell Collins with exciting,
new growth opportunities," said Rockwell Collins Chairman,
President and CEO Clay Jones. "We look forward to integrating our
combined capabilities to bring new control solutions to both
military and commercial market segments."
The transaction is
expected to be completed in about 30 days and is subject to
regulatory approvals. The acquisition is expected to be neutral to
Rockwell Collins’ fiscal year 2008 earnings.
Athena Technologies is a developer and producer of navigation
and control systems. Founded in 1998, the company produces the
GuideStar family of versatile, compact and cost-effective flight
control systems for applications on commercial aircraft, UAVs,
target drones and missiles. The company is an independent,
privately held firm with headquarters in Northern Virginia.
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