- Booz Allen Hamilton ( NYSE: BAH ) announced on Tuesday a strategic investment in aviation and aerospace company, Hidden Level.
- The investment was made through Booz Allen's corporate venture capital arm, Booz Allen Ventures, terms of which were not disclosed.
- Hidden Level develops passive sensing technology of unmanned aerial systems, such as drones, for high-interference environments. Using next generation radio frequency sensing technology, the company provides multi-domain situational awareness and support to counter-UAS missions.
- This marks the first investment by Booz Allen Ventures in calendar year 2023. The deal is aligned with the firm's Digital Battlespace Platform which is focused on driving adoption of emerging technologies and operational concepts for its global defense clients.
- Steve Escaravage, EVP at Booz Allen and leader of the firm's Digital Battlespace Platform, stated: "Investments in companies like Hidden Level accelerate our ability to bring novel insights to the counter-UAS mission, expanding the potential for decision advantage by our nation's warfighters."
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Booz Allen makes strategic investment in Hidden Level