In order to increase its focus on fuel cell systems for heavy- and medium-duty motive markets, Ballard Power Systems has sold its unmanned aerial vehicle (UAV) business to Honeywell International.
As part of the sale, all employees of Ballard’s UAV subsidiary will transition to Honeywell Aerospace.
Randy MacEwen, Ballard President and CEO said, “We remain positive on the long-term outlook for fuel cell propulsion systems in the UAV market. However, we determined to divest this non-core systems business given our strategic focus on the heavy- and medium-duty motive markets of bus, truck, train and marine, where we expect scaled commercialisation and growth through 2030 and beyond.”
“We believe the UAV business will be best positioned within the Honeywell enterprise and look forward to our ongoing collaboration with Honeywell and growing the exciting business opportunities for a range of urban air mobility and broader aerospace applications.”