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Mountain Alliance invests in autonomous-systems developer Evolved Aerospace

Mountain Alliance ($ECF) announced an investment in Evolved Aerospace, a UK developer of autonomous mission systems. The transaction expands the listed investment company’s exposure to European defense technology. The announcement did not disclose the amount invested, the ownership percentage acquired or a valuation for Evolved Aerospace. Evolved Aerospace said deliveries of its first two SkyRanger M200 systems to a government customer in the Asia-Pacific region mark an initial commercial milest

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