GAITHERSBUG, Md., Jan. 10 (UPI) -- DRS Sonar Systems LLC has acquired Advanced Acoustic Concepts Inc. of New York following a U.S. government review.
The review by the U.S. Committee on Foreign Investment in the United States determined there were no unresolved national security concerns with respect to the transaction.
The review was required since DRS Sonar Systems is a joint venture between DRS and Thales, a company with headquarters in France.
The combined company will conduct business as "Advanced Acoustic Concepts, LLC, a DRS/Thales Company."
"We are creating an entity with proven experience in the field of undersea warfare," said Richard Danforth, president and chief executive officer of DRS Defense Solutions. "Advanced Acoustic Concepts benefits from the innovative and proven Thales product portfolio and the world-class system integration and manufacturing capabilities of DRS.
"AAC has deep domestic acoustic signal processing, system development and system integration expertise and a demonstrated track record of providing superior value open architecture solutions to the U.S. Navy."
