Aspen Avionics has entered into an agreement in principle to become a member of the AIRO Group of companies. Under this agreement, Aspen will continue to operate as it does presently and will continue to support the general aviation market segment.

As part of the AIRO Group, Aspen will expand its investments, resources and new technologies to offer avionics solutions for manned and unmanned flight platforms for commercial, military, robotics and multi-modal aircraft. Additionally, Aspen will be key in providing electronics engineering, product development, supply chain, customer support and marketing disciplines to support other AIRO Group companies.

“Our group and its associated portfolio of businesses operating in rapidly growing aerospace segments are positioned to be a major mid-market aerospace entity helping define the next generation of aerospace technologies. Aspen's technology, manufacturing and engineering development capabilities will be key to the success of AIRO,” says Chirinjeev Kathuria, chairman of the board at AIRO Group.

“As a recognised innovator in the general aviation segment, our inclusion in the AIRO Group's diversified company portfolio not only helps strengthen our current business lines but opens up opportunities in other aerospace markets that will enable future growth and innovation,” adds John Uczekaj, president and CEO of Aspen Avionics. “This is a very exciting development for our current and future customers as well as our employees and allows us to take our business to a higher level. We are glad to be a part of the comprehensive and diversified group of aerospace technology companies AIRO is building that span a wide range of rapidly growing aerospace markets.”