BAE Systems Completes Acquisition of the Riptide Autonomous Solutions Business

ARLINGTON, Virginia–(BUSINESS WIRE)–BAE Systems, Inc. has announced the purchase of the key assets of
Riptide Autonomous Solutions (Riptide), a Plymouth, Massachusetts-based
provider of innovative, affordable unmanned underwater vehicle
(UUV) technology and solutions. Specializing in small UUVs, Riptide’s
platforms are sophisticated yet simple, efficient, and highly flexible,
offering performance discriminators within this domain that include
greater depth, range, endurance, and speed.

“Adding Riptide’s technological capabilities will position
us to provide customers unmatched flexibility by offeringa family of
UUVs and integrated payload solutionscapable of supporting a variety of
critical missions,” said Terry Crimmins, president of BAE Systems
Electronic Systems. “Coupling our extensive expertise in sonar, signal
processing, sensor fusion, undersea communications, electronic warfare,
and autonomous systems with Riptide’s unique UUV platforms will enable
us to affordably address rapidly expanding maritime mission requirements
in the global defense, commercial, and research markets.”

Jeff Smith, founder and president of Riptide Autonomous Solutions,
stated, “Everyone at Riptide is excited to be joining BAE Systems, given
our shared focus and strategic vision for the undersea market.”

Riptide employees will join the BAE Systems Electronic Systems sector,
many as part of the FAST Labsorganization, where our scientists and
engineers innovate capabilities to address some of the toughest
challenges in the defense, aerospace, and security domains. The FAST
Labs team looks forward to maturing Riptide’s platform technology,
demonstrating new solutions, and scalingmanufacturing production. This
is consistent with our strategy to acquire and incubate small business
innovations that can yield disruptive technology breakthroughs for BAE
Systems programs of record.

We expect to maintain the Riptide facilities in Plymouth, Mass., further
expanding our footprint in the New England area. Headquartered in
Nashua, NH, BAE Systems Electronic Systems is a premier provider of
commercial and defense electronics for flight and engine control,
electronic warfare, surveillance, communications, geospatial
intelligence, and power and energy management.

Contacts

Brian Roehrkasse, BAE Systems
Office: 703-312-6976
Mobile:
703-307-2568
brian.roehrkasse@baesystems.com
www.baesystems.com/US
@BAESystemsInc