Aerospace Group:

Business/Financial

Private Equity Firm AEI Acquires The Atlas Group

By Cal Biesecker

Tuesday, October 9th, 2018

SHARE:

Private Equity Firm AEI Acquires The Atlas Group

The Atlas Group's product portfolio includes a range of aerostructures. Photo: The Atlas Group

The private equity firm AE Industrial Partners [AEI] on Tuesday said it has acquired Aerostructures Acquisition LLC, also known as The Atlas Group, and will combine the company with its existing portfolio company F.M.I., Inc., to create a manufacturing company that produces a wide range of complex assemblies for commercial, military and business aircraft.Terms of the deal were not disclosed. Atlas and FMI are based in Wichita, Kan., and combined have more than 1,000 employees.Atlas makes aircraft doors, escape hatches,…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]