Finance

ISS Aerospace gains new shareholder and investor

Published by
Sam Pither

ISS Aerospace, a Newbury-based unmanned aerial vehicle and systems manufacturer, has received investment from the principal shareholders of CE Turner (engineers) Limited, a multi-capability precision engineering and manufacturing firm.

ISS Aerospace designs and manufactures autonomous uncrewed aerial systems for the defence, security, and civilian markets.

ISS CEO, Ryan Kempley, said: “Having enhanced our uncrewed aerial systems (UAS) platforms over the past year and with an upsurge of interest in our customer value propositions we are well placed to provide clients with highly integrated platform, sensor, and software solutions. This investment allows us to follow through with our growth plan”.

Read more - Autonomous drone project secures funding from UKRI

Their new investor, Leicestershire-based CE Turner, is a precision engineering company working in the defence and aerospace sectors.

Its chairman, Jeremy Rowson, said: “We have been hugely impressed with the achievements and capability of ISS and see great opportunities for significant growth in an exciting, and specialised sector.

“Our engineering and manufacturing experience coupled with ISS’s exceptional skill in integrating systems is an ideal match.”

Read more - Ricardo signs deal to develop hybrid-electric aerospace technology

Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset. A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise. Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.

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