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Business/Financial

VTG Acquires Small Navy Design And Engineering Firm ASSETT

By Cal Biesecker

Wednesday, August 25th, 2021

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VTG Acquires Small Navy Design And Engineering Firm ASSETT

John Hassoun, president and CEO of VTG. Photo: VTG

VTG on Wednesday said it has acquired ASSETT, Inc., a small design and engineering company that adds artificial intelligence and machine learning (AI/ML)-enabled capabilities for undersea warfare and unmanned systems. Terms of the deal were not disclosed. ASSETT, which is based in Manassas, Va., has about 50 employees. VTG said the acquisition adds to its naval systems portfolio, bringing work in submarine sonar acoustics and signal processing, a prototype integrated control system for combat submersibles, a battery management system for…

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