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Sierra Nevada Corp. Acquires Assets, Intellectual Property of Volansi

Frank Wolfe Frank Wolfe
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Sierra Nevada Corp. Acquires Assets, Intellectual Property of Volansi

Sierra Nevada Corp. has acquired the assets and intellectual property (IP) of Volansi in an all-cash deal. Volansi, a Silicon Valley-based drone maker backed by $75 million in venture capital funding, filed for assignment for benefit of creditors (ABC) status on Aug. 1 with the California Secretary of State's office (Defense Daily, Sept. 12). "Volansi was a partner to us at SNC for a series of captures--[the U.S. Army's] Future Tactical UAS [unmanned aircraft system] being one," Tim Owings executive…

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