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Dronemaker Destinus to Buy AI Aviation Firm for $223 Million

Dronemaker Destinus to Buy AI Aviation Firm for $223 Million

Bloomberg17 hours ago
Destinus, a drone startup that supplies weapons to Ukraine, is planning to buy a Swiss company that develops autopilot systems for aviation for 180 million Swiss francs ($223 million) in cash and stock.
The deal for Zurich-based Daedalean will boost Destinus's artificial intelligence capabilities as it develops strike drones and hypersonic aircraft, the companies said in a statement on Tuesday. They expect the transaction to close by the end of year.
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