Goodrich Corp. [GR] last week said it has acquired Cloud Cap Technology, Inc. (CCT), a provider of avionics systems for small unmanned aerial vehicles (UAVs) and sensors for manned aircraft.
Terms of the deal were not disclosed. Oregon-based CCT has about 30 employees. Goodrich said the company’s products are used on most small UAVs in operation or in development. The main products include autopilot flight management systems, inertial measurement sensors and stabilized imaging micro-gimbals.
“This acquisition provides Goodrich with an increased presence in the rapidly growing small military UAV market, and also expands our ability to offer complete ISR imaging solutions for these platforms,” Curtis Reusser, Segment President, Electronic Systems at Goodrich, said in a statement. “CCT’s experience in providing powerful integrated solutions can dramatically reduce the time required to implement new unmanned aircraft systems, and we are pleased to have their advanced proprietary products join our broad portfolio of high-tech systems.”
CCT will become part of Goodrich’s ISR Systems business.
Houlihan Lokey served as CCT’s financial adviser.