Aeronautics
Unmanned Aerial Systems and Defense Solutions
Company Overview
Snapshot
Founded in November 1997, Aeronautics operates with 201–500 employees. The company has raised $135 million across one public offering and two acquisitions. In August 2019, Aeronautics was acquired by Rafael Advanced Defense Systems.
Business overview
Aeronautics specializes in providing integrated turnkey solutions based on unmanned aerial systems (UAS), payloads, and communications for homeland security, defense, and civil applications. The company's UAS-based platforms offer operationally proven solutions for intelligence, surveillance, and reconnaissance (ISR) system requirements, including its Orbiter 3 small tactical UAS. Aeronautics maintains in-house capabilities as a UAS integrator, offering a complete range of subsystems such as air vehicles, inertial navigation and avionics, electro-optical payloads, and command and control units. The company serves the Aerospace, Defense & HLS sector, providing tailored solutions for force protection, tactical intelligence gathering, and advanced simulation and image exploitation systems for UAS personnel training.
Strategic signal
In August 2024, Aeronautics secured a significant contract from an unnamed European NATO member country for the supply of advanced Orbiter 3 UAS systems. This deal indicates strong international demand for Aeronautics' proven defense technology and signals continued growth and expansion in key strategic markets for the company.
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- What was a significant contract win for Aeronautics in 2024?
- In August 2024, Aeronautics secured a significant contract to supply advanced Orbiter 3 UAS systems to an unnamed European NATO member country, expanding their existing fleet.
- What was the outcome of the acquisition of Aeronautics by Rafael Advanced Defense Systems?
- In August 2019, Aeronautics was acquired by Rafael Advanced Defense Systems. Following the acquisition, Aeronautics delisted from the Tel Aviv Stock Exchange in September 2019.
- What was the outcome of the Competition Authority's review of the Rafael-Aeronautics merger?
- In March 2024, Rafael and Aeronautics were fined 3 million shekels by the Competition Authority for merging before receiving approval. The fine was relatively low as the authority determined there was no concern about harming competition.
- What leadership change occurred at Aeronautics in 2023?
- In January 2023, Dan Slasky was appointed as the new CEO of The Aeronautics Group, succeeding Moshe Elazar.
- What strategic move did Aeronautics make in the homeland security market in 2021?
- In March 2021, Aeronautics acquired the project division of Magal for $35 million, as part of its strategy to expand into the homeland security market and integrate its aerial platforms into security projects.