Advanced Aircraft Company, LLC

Advanced Aircraft Company is a US-based firm focused on the design and manufacture of long endurance Vertical Take-Off and Landing Unmanned Aerial Systems (VTOL UAS), including their flagship Hybrid Advanced Multi-Role (HAMR) drone. Advanced Aircraft Company develops innovative unmanned aerial systems and was founded in 2015 in Hampton, US. The company was established by Aaron Frank and Bill Fredericks, with Bill Fredericks currently serving as CEO. It has completed 3 deals, with its most recent deal on April 29, 2021, involving funding from CIT GAP Funds.

Advanced Aircraft Company specializes in VTOL UAS, particularly the Hybrid Advanced Multi-Role (HAMR) drone. This aircraft features advanced aerodynamic design for enhanced mission performance in surveillance, reconnaissance, and logistics. Its hybrid electric propulsion system improves energy density, extending flight times. The HAMR includes safety mechanisms for emergency landings and caters to military, government, and commercial sectors, with a market focus in the US and plans for international expansion.

The company generates revenue through direct sales of its VTOL UAS products, primarily to government and commercial clients. Sales occur through contracts with defense organizations, tailored to client needs. Advanced Aircraft Company, as a veteran-owned business, is well-positioned to secure government contracts, particularly through initiatives like AFWERX. Following a funding round on April 29, 2021, which raised an undisclosed amount from CIT GAP Funds, Advanced Aircraft Company plans to increase its aircraft production rate.

The funding will support their strategy for growth by enabling the development of new products and expanding into new markets, particularly within the defense and industrial sectors in North America and internationally.