Resilient Energy Signs LOI to Acquire Challenger Aerospace & Defense Inc.
February 22, 2024
Resilient Energy, Inc. (OTC: RENI) announced a letter of intent to acquire 100% of Challenger Aerospace & Defense Inc. (also described as Challenger Aerospace Systems) and two operating subsidiaries, gaining product lines, intellectual property and over $3 million in purchase orders. The acquisition is intended to expand Resilient Energy’s operations into the unmanned aerial vehicle (UAV)/drone market and accelerate revenue growth, margin expansion and cash flow generation.
- Buyers
- Resilient Energy, Inc.
- Targets
- Challenger Aerospace & Defense Inc.
- Industry
- Aerospace & Defense
- Location
- United States
- Transaction Type
- Buyout
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