TCOM Holdings Announces Acquisition Of Aerostar

The acquisition will Solidify TCOM Holdings’ Global Leadership Position in Persistent Surveillance Platforms and Leading-Edge Radar and Sensor Systems.

Columbia, Maryland, USA---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."

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