Deal news: sale of Prismatic to BAE Systems

Deal news: sale of Prismatic to BAE Systems

Stevens & Bolton LLP has advised Hampshire based solar Unmanned Aerial Vehicle (UAV) experts Prismatic on its sale to BAE Systems.

As experts in the design, manufacture and delivery of innovative, high value aerospace products and systems, Prismatic has been working with Farnborough headquartered defence multinational BAE Systems for the past two years, developing and building two full-scale solar-powered prototype aircrafts, which are now undergoing testing ahead of flight trials planned next year.

The solar plane, called PHASA-35™, can stay airborne for up to a year and deliver remote sensing and communications from above, to remote areas or disaster zones.

The extended partnership will provide Prismatic access to expertise in systems integration, productionisation and other disciplines, that will help the project reach its deployment phase much faster and enable them to continue developing outstanding, novel aerospace and space systems.

Paul Brooks, CEO of Prismatic Ltd., highlighted the value provided by Stevens and Bolton, “Bringing together an SME like Prismatic with a major industrial entity such as BAE Systems is a complex undertaking that requires expert knowledge and a flexible understanding of the requirements of both parties and Stevens and Bolton were  a critical part of helping us achieve such an excellent outcome.”

The Stevens & Bolton team was led by corporate partner Nick Atkins, supported by Samuel Salter-Galbraith and Katherine Shaw (corporate) and Melanie Shone (corporate tax).

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