AIR - AAR signs agreement with a unit of Collins Aerospace to boost UAS market presence
2023-03-27 16:58:47 ET
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AAR ( NYSE: AIR ) said Monday it signed a distribution agreement with Cloud Cap Technology, a unit of Collins Aerospace Mission Systems.
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The agreement is expected to boost AAR’s presence in the Unmanned Aerial System (UAS) market.
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"AAR will stock, promote, and sell the TASE and Piccolo imaging payload and flight management systems used by manned and unmanned airborne applications to support Intelligence, Surveillance, and Reconnaissance (ISR) missions," the company said in a statement.
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Other details of the agreement were not disclosed.
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AAR signs agreement with a unit of Collins Aerospace to boost UAS market presence