:

Business/Financial

AE Industrial Partners To Acquire Stake In Firefly Aerospace

By Cal Biesecker

Thursday, February 24th, 2022

SHARE:

AE Industrial Partners To Acquire Stake In Firefly Aerospace

First stage of Firefly Aerospace's Alpha launch vehicle. Photo: Firefly Aerospace

The private equity firm AE Industrial Partners (AEI) on Thursday said it has agreed to acquire a “significant stake” in Firefly Aerospace, a deal that would add to its portfolio in the space market. Terms of the deal, which requires approval by U.S. regulators, were not disclosed. AEI is acquiring the stake from Noosphere Venture Partners, an investment firm with a portfolio of space-related companies. Noosephere acquired Firefly in 2017. Firefly, which is based in Texas, is developing a space…

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]