Innovaero announced the completion of the transition to full Australian ownership from BAE Systems Australia. Founder and Chairman of Innovaero Mike von Bertouch said, “The transaction returns full ownership and control of Innovaero and marks a significant milestone in the company’s growth as a sovereign defence technology leader focused on turning proven innovation into scalable capabilities for Defence. In this new chapter, Innovaero plans to accelerate investment, expand our manufacturing footprint, and deliver the next generation of affordable precision mass capabilities for the Australian Defence Force (ADF) and our allies. I thank BAE Systems for its stewardship of Innovaero over the past few years.”
With the change in ownership finalised, Innovaero has appointed Greg Tunny as Chief Executive Officer, effective immediately. Tunny has been part of the Innovaero leadership team for the past five years as Chief Strategy and Development Officer, bringing continuity and momentum to the role. “I look forward to leading the company through its next phase of growth as we work to scale OWL production to deliver affordable precision mass to the ADF,” Tunny said.
Tunny succeeds Marcus Colman, who served as CEO for over two years and oversaw the company through a period of significant commercial maturation. Colman will return to BAE following the completion of the acquisition. The company thanked Colman for his contribution and BAE for its endorsement of Innovaero through the signing of a distribution agreement in markets outside Australia.
Andrew Gresham, Managing Director – Defence Delivery, BAE Systems Australia, said, “BAE Systems Australia has made the strategic decision to return control of Innovaero to its founders and former owner, Aerovation. The change of control was carefully considered, and Innovaero and BAE Systems Australia will continue a strategic partnership to pursue opportunities to secure further demand for OWL B and advance development of STRIX. We wish Innovaero every success in its continued growth and development and look forward to continuing to build on our relationship.”
With ownership consolidated, Innovaero will continue to progress its precision-strike and counter-UAS programs, while maintaining continuity for Defence, government and industry partners. Further announcements are expected in early 2026 as the company enters a period of sustained growth aligned with Australia’s increasing emphasis on sovereign capability, resilient supply chains and rapid innovation.
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