Herndon, Virginia, Aug. 23, 2017 (GLOBE NEWSWIRE) — The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has invested in Advanced Aircraft Company (AAC), an aeronautical engineering and aircraft manufacturing company based in Hampton Roads, Virginia. The Charlottesville Angel Network also participated in this investment round alongside CIT. The Advanced Aircraft Company specializes in vertical takeoff and landing unmanned aerial systems, that target both the commercial and military markets.  AAC was founded by William J. Fredericks in October 2015 as a technology spin off from the NASA Langley Research Center.  While employed at NASA, Fredericks performed … Continue reading CIT GAP Funds Invests in Advanced Aircraft Company