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Dronemaker Destinus to Buy AI Aviation Firm Daedalean for $223 Million

Destinus, a drone startup that supplies weapons to Ukraine, is planning to buy a Swiss company that develops autopilot systems for aviation for 180 million Swiss francs ($223 million) in cash and stock.The deal for Zurich-based Daedalean will boost Destinus’s artificial intelligence capabilities as it develops strike drones and hypersonic aircraft, the companies said in a statement on Tuesday. They expect the transaction to close by the end of year....

Read more at bloomberg.com

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