CACI Completes Acquisition of Ascent Vision technologies

CACI Completes Acquisition of Ascent Vision technologies

Ascent's proprietary imaging technology is utilized in AVT's X-MADIS system, an on-the-move, mobile and fixed site, c-UAS solution that identifies, detects, tracks, locates and defeats UAS threats.

FREMONT, CA: CACI International has completed the acquisition of Ascent Vision Technologies, LLC (AVT), a provider of technology and solutions that support multi-domain intelligence, surveillance, and reconnaissance (ISR), unmanned aircraft system (UAS), air defense, and counter-unmanned aircraft system (c-UAS) operations, for an undisclosed amount. Ascent provides low-sized, weight, power and cost (SWAP-C) electro-optical, infrared (EO/IR) imaging systems designed for airborne, ground, and maritime platforms, delivering ISR and target acquisition capabilities for day and night operations.

"CACI has an outstanding track record of successful acquisitions that deliver distinctive benefits for our customers and employees while providing long-term value to our shareholders. The cultures of CACI and AVT are aligned with an unwavering commitment to integrity, ethics, and innovation," said Dr. J.P. London, CACI Executive Chairman and Chairman of the Board. SheppardMullin served as CACI's legal advisor for the transaction. Jefferies LLC served as the exclusive financial advisor to Ascent Vision Technologies, and Holland & Hart LLP acted as the legal advisor in connection with the deal.

Ascent's proprietary imaging technology is utilized in AVT's X-MADIS system, an on-the-move, mobile and fixed site, c-UAS solution that identifies, detects, tracks, locates and defeats UAS threats. X-MADIS integrates radar, AVT's gyro-stabilized optical sensors, and non-kinetic electronic warfare capabilities to provide a comprehensive solution to combating the threat of hostile UAS and near-peer airborne threats. It can also provide ground and surface surveillance, counter-IED, hostile fire location, and integrated kinetic capabilities. Also, AVT's gyro-stabilized optics, c-UAS Software Suite, and Graphical User Interface are key components integrated into the USMC MADIS family of systems.

"The combination of CACI and AVT brings unique advantages to our defense and national security customers with critical ISR and c-UAS missions. Their accomplished leadership team, led by founder and CEO Tim Sheehy, and highly skilled technical employee population drives a unique culture of agile innovation and differentiated performance. The synergies between AVT and CACI's offerings establish unapparelled technologies and capabilities in this growing area of ISR and c-UAS within CACI's business. We welcome the talented and mission-focused AVT employees to CACI," said John Mengucci, CACI President and Chief Executive Officer.

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