The acquisition will Solidify TCOM Holdings'
Global Leadership Position in Persistent Surveillance Platforms and
Leading-Edge Radar and Sensor Systems.
COLUMBIA, Md., July 29,
2022 /PRNewswire/ -- TCOM Holdings, the parent
of TCOM, LP, the global leader in elevated ISR Awareness Solutions,
announced it acquired Aerostar International, Inc. from Raven
Industries, Inc., a subsidiary of CNH Industrial N.V. (NYSE: CNHI /
MI: CNHI). Aerostar is a world leader in the design,
manufacture, integration, and operation of persistent stratospheric
platforms and radar systems with headquarters in Sioux Falls, SD. Aerostar will become an
operating business unit under TCOM Holdings.
TCOM offers Multi-Domain Awareness solutions for Force
Protection, Distant Warning and Targeting, Critical Infrastructure,
and Maritime and Border Security missions. Its elevated ISR
platforms are designed to collect information from multiple
integrated sensors and provide situational awareness through
integrated communications equipment. In this era of rapid
technology development, maintaining security is an evolving mission
with revolutionary threats to changing targets. TCOM's
Elevated Awareness Solutions are custom tailored to meet our
customer needs for today and tomorrow.
The Aerostar stratospheric balloons provide critical advantages
for a wide range of missions, bridging the capability gap between
aircraft and satellites. In border security, maritime, and
air surveillance applications, Aerostar radar systems provide
sophisticated statistical detection, tracking, and classification,
as well as multi-sensor correlation.
Ron Bendlin, President and Chief
Executive Officer of TCOM, stated, "We are excited to welcome
Aerostar to our growing portfolio of Aerospace and Defense
holdings. Our ability to leverage TCOM's proven elevated
awareness solutions using tethered aerostats and Aerostar's
sophisticated sensors and stratospheric balloons will more broadly
serve our DoD, DHS, and allied military customers."
Jim Nelson, Aerostar's President,
added, "The strategic alignment between TCOM, LP and Aerostar will
enhance our ability to innovate in aerospace and defense, drive
growth in our target markets, and expand our global reach to
connect, protect, and save lives."
About TCOM, L.P.
TCOM, LP, a long-time global leader in Lighter-Than-Air
platforms, is proud to offer a full line of elevated awareness
solutions. Combining custom selections of the world's most
advanced sensors, customer-specific communications, and intelligent
user interfaces with a broad range of airborne platforms provides
the end user with a cost-effective, unparalleled capability.
For more information, visit www.TCOMLP.com.
Aerostar is dedicated to connecting, protecting, and saving
lives through its work as an Aerospace & Defense provider.
Aerostar's core product offerings include stratospheric platforms,
radar, and perception sensors, technical services, and protective
wear. From engineering services to mission planning and
support, research and design, and the development of advanced
technical products, Aerostar offers tailored turnkey solutions for
a multitude of successful operations. Visit
www.AEROSTAR.com for more information about Aerostar.
For Media Inquiries:
For TCOM LP
Mr. Gal Borenstein, The
Borenstein Group, Inc.
SOURCE TCOM, L.P.