Metal Shark acquired by Magnet Defense
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Miami, Fla.-headquartered Magnet Defense LLC, which says its mission is to \u201cbuild a fleet of autonomous unmanned surface vessels to strengthen U.S. national security and advance U.S. and Allied maritime interests at home and abroad,\u201d said today that it had completed the acquisition of Jeanerette, La.-based boatbuilder Metal Shark.<\/a><\/p>\n Magnet Defense, whose cofounder is Marc Bell of Marc Bell Capital Partners<\/a>, last month emerged from more than two years of quiet development, unveiling its first autonomous unmanned surface vessel, the M48. T<\/a>he company has invested over $50 million in designing, building, and validating the vessel, an AI-enabled autonomous platform that, says Magnet, has over 32,000 nautical miles of successful heritage and over 390 total days at sea.<\/p>\n Magnet says the acquisition of Metal Shark represents a critical step in its strategy to pair advanced robotics and AI-enabled software-defined systems with domestic industrial-scale production. By integrating Metal Shark\u2019s established shipbuilding operations, workforce, and facilities, Magnet Defense aims to move from prototype development to sustained delivery of autonomous maritime platforms at speed and scale.<\/p>\n Metal Shark brings more than 20 years of experience designing and constructing mission-specific vessels, with over 2,000 vessels delivered to customers worldwide, including over 500 vessels for the U.S. Navy, 600 vessels for the U.S. Coast Guard, and hundreds more for allied nation military forces around the globe.<\/p>\n The company\u2019s two Louisiana manufacturing facilities encompass more than 125,000 square feet of manufacturing space across 40 acres and are supported by a seasoned workforce and a strong engineering organization. These assets provide Magnet Defense with immediate production depth and execution capacity.<\/p>\n<\/p>\n The post Metal Shark acquired by Magnet Defense<\/a> appeared first on Marine Log<\/a>.<\/p>\n<\/div>\n