A Thales subsidiary has acquired the remaining stake of Leonardo DRS in Advanced Acoustic Concepts, the joint venture between the two organizations, for an undisclosed amount as part of the former’s efforts to expand engineering offerings for the U.S. military.
Thales Defense & Security Inc. now has full ownership of AAC, which generated $80 million in 2021 sales and employs more than 200 personnel specializing in development and delivery surface ship combat systems and undersea warfare platforms to the U.S. Navy, Thales said Wednesday.
Mike Sheehan, CEO of TDSI, said ACC’s expertise in surface ship anti-submarine warfare and mine countermeasures will strengthen the subsidiary’s capability to support the Department of Defense’s mission needs.
Leonardo DRS agreed to transfer full ownership of ACC to TDSI in April.
