The terms of the acquisition were not disclosed. At the beginning of March, ARGUS first announced its intention to acquire the institute.
Founded in 2014, USI provides unmanned aircraft system (UAS) flight safety standards and training for operators, enterprises and organizations focused on integrating and operating UAS safely for civil or commercial purposes.
“It has been our objective to actively participate in the UAS sector, as we have already seen the overlap between UAS and our existing clients in the airline, business aviation and rotary-wing businesses,” states Joe Moeggenberg, president and CEO of ARGUS.
“USI recognized early on that a strong safety foundation to any aviation application is critical to the success of the entire marketplace,” says Aaron Greenwald, president of USI. “Keeping this in mind, USI built its position based on adoption and modification of time-tested aviation safety practices proven for over a century in commercial aviation: reducing human errors, improving technology over time and building safe organizations.”
Greenwald adds, “Being part of the ARGUS family will not only accelerate the development of needed UAS safety products/services, but will give comfort to the marketplace knowing that a company such as ARGUS that is so well-known and trusted has made this kind of commitment to the fast-growing UAS industry.”