Cloud Cap Technology, a privately held developer of avionics for unmanned aerial vehicles and sensors for manned vehicles, is now part of Goodrich Corporation (NYSE: GR).
Financial terms of the deal, which closed Monday, were not disclosed.
Cloud Cap is based in Hood River, Ore., and has some 30 employees. Primary products include autopilot management systems as well as inertial measurement sensors.
"This acquisition provides Goodrich with an increased presence in the rapidly growing small military UAV market, and also expands our ability to offer complete ISR [intelligence, surveillance, reconnaissance] imaging solutions for these platforms," said Curtis Reusser, an electronics systems executive at Goodrich.
“CCT’s experience in providing powerful integrated solutions can dramatically reduce the time required to implement new unmanned aircraft systems, and we are pleased to have their advanced proprietary products join our broad portfolio of high-tech systems<’ he added.
Cloud Cap will become part of the Goodrich ISR Systems business unit.
