As announced on August 4, general aviation avionics OEM Aspen Avionics has been acquired by The AIRO Group. The new owner has a fairly deep bench in aerospace, holding a portfolio of companies in a wide range of aerospace segments, including commercial and military, and piloted and remotely-piloted vehicles.
Aspen Avionics Acquired By The AIRO Group
Key Takeaways:
- Aspen Avionics has been acquired by The AIRO Group, a company with a diverse aerospace portfolio, providing Aspen with crucial investment for continued growth.
- The acquisition is strategic, allowing Aspen to expand beyond general aviation into emerging sectors like UAVs and urban air mobility, leveraging their regulatory and tech development expertise.
- Aspen's general aviation business is showing signs of recovery post-pandemic, driven by strong customer demand for new technology and panel upgrades.
- Aspen proactively addressed a rare inflight reset issue in its Evolution MAX series displays with a software fix and service bulletin prior to the FAA issuing an Airworthiness Directive.
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