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 diversified aerospace company, to secure needed investment for growth and to leverage Aspen's expertise in avionics for emerging sectors like UAVs.
- Despite recent economic downturns, Aspen's general aviation business is showing signs of recovery, driven by strong customer demand for new technology and benefiting from Part 23 regulatory changes.
- Aspen recently addressed an FAA Airworthiness Directive (AD) concerning in-flight resets in its Evolution MAX series flight displays, having proactively issued a service bulletin and software fix before the AD was released.
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