
The private equity firm AE Industrial Partners (AEI) on Tuesday said it acquired Jennings Aeronautics, Inc. (JAI), a designer, developer and manufacturer of small unmanned aircraft systems (SUAS). The firm is combining it with its portfolio company UAV Factory, scaling the company and further building its presence in the U.S, giving JAI an international presence, and strengthening its UAS and related offerings. Terms of the deal were not disclosed. Following the acquisition, UAV Factory has about 200 employees. The company…