Unusual Machines has announced the signing of a binding agreement to acquire Aloft Technologies, Inc. The acquisition is almost all in stock, valued at USD 14.5M.
Aloft enables more than 70 percent of all FAA-approved Low Altitude Authorisation and Notification Capability (LAANC) airspace authorisations in the United States. The company has provided more than more than 1.6 million authorisations in total, with 400,000 authorisations provided in 2024. The company also produces Air Boss real-time UAS air traffic management (UTM) software.
“With the FAA forecasting more than 3 million drones in the airspace by 2028, outnumbering traditional aircraft more than 10-to-1, the coordination and integration of all aircraft is critical to national security and the national economy,” Unusual Machines said in a statement.
The acquisition is contingent on satisfaction of customary closing conditions by the parties. The acquisition is expected to close in the coming months.
For more information
