BAE Systems has reached agreement to acquire British SME, Prismatic Ltd, as the companies work to further develop the UAV technology. The move forms part of BAE Systems' strategy to develop breakthrough technologies, undertaking bolt-on acquisitions where they complement existing capabilities and provide an opportunity to accelerate technology development in key areas.

Paul Brooks, founder and CEO of Prismatic, said: "We are a small, entrepreneurial team of scientists and engineers focussed on designing and demonstrating novel, high value aerospace systems. This investment from BAE Systems represents a landmark in the development of Prismatic, giving our team access to world-class expertise and capacity in systems integration, productionisation and operations that will enable our developments to be fully exploited. This is a partnership built on outstanding technical experience and which exploits the very best in small company thinking and large company experience."