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Business/Financial

Google Acquires UAV Developer Titan Aerospace

By Cal Biesecker

Monday, April 14th, 2014

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Google Acquires UAV Developer Titan Aerospace

Google [GOOG] on Monday said it has acquired Titan Aerospace, a developer of high-altitude solar-powered unmanned aerial vehicles (UAVs) for potential use in a number of applications. Terms of the deal were not disclosed. Facebook [FB] earlier this year was reportedly interested in New Mexico-based Titan. A Google spokesperson said in a statement that “Titan Aerospace and Google share a profound optimism about the potential for technology to improve the world. It’s still early days, but atmospheric satellites could help…

Budget

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