Posted By: Jason Reaganon: May 18, 2021
Wireless broadband company Ondas Holdings has acquired drone company American Robotics in a $70.6 million deal.
Founded in 2016, American Robotics brings its Scout drone system to Ondas’ portfolio—the first drone system to receive FAA regulatory approvals for autonomous flight. “This gives the company an exclusive first-mover advantage to unlock the commercial drone market by overcoming the need for costly visual observers to be on the ground during every drone flight,” an Ondas statement noted.
Source: DroneLife