David Joyce, a four-decade veteran of General Electric, has been appointed chairman of AE Industrial Partners’ venture capital investment platform HorizonX. He will also serve as a strategic adviser to the private equity firm across its investment portfolio, AEI said Wednesday. AEI HorizonX invests in startups operating in aerospace, defense, enterprise and industrial markets.  “I […] More

Firefly Aerospace has raised $75 million in a round of Series B financing led by AE Industrial Partners and will use the capital to support future flights of its Alpha launch vehicle and advance the development of the Blue Ghost Lunar Lander Program and other launch and in-space platforms. AEI said Tuesday it also completed […] More

GigCapital4 has entered into a $75 million backstop agreement with AE Industrial Partners to support its pending business combination with BigBear.ai. Under the agreement, an affiliate of AE Industrial Partners will purchase up to 7.5 million shares of GigCapital4 stock at $10 per share, BigBear.ai and GigCapital4 said Tuesday. Additionally, BigBear.ai’s rollover equity has been adjusted to […] More

AE Industrial Partners has invested in Fire Team Solutions in support of the technology services provider’s continued development of offerings for its Department of Defense and intelligence community customers. The private equity firm said Monday the equity and debt investment from its affiliate AE Industrial Partners Structured Solutions I is meant to support Fire Team’s […] More

AE Industrial Partners has acquired UAV Factory, a provider of tactical unmanned aerial vehicle and intelligence, surveillance, reconnaissance technology. With the purchase, UAV Factory will serve as an unmanned technology platform for AEI. Terms of the transaction were not disclosed. "UAV Factory's engineering and technical capabilities, combined with its proven and growing set of technology solutions, are truly differentiated in the market," said Jeffrey Hart, principal at AEI.

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Mano Nazar, former president of NextEra Energy's nuclear business, has been appointed an operating partner of AE Industrial Partners, a private equity firm that focuses on the defense and aerospace markets. He will concurrently serve as board chairman at BHI Energy, a portfolio company of AEI, the investment company said Tuesday.

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Groton, Conn.-based maritime technology firm ThayerMahan has raised $10M in financing from an affiliate of private equity firm AE Industrial Partners. ThayerMahan said Monday it will use the funding from AEI Structured Solutions to expand research-and-development efforts and operations and advance growth initiatives through acquisitions.

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Aberdeen Standard Investments“™ Bonaccord Capital Partners division and global investment firm Wafra each bought passive minority interests in AE Industrial Partners, a private equity firm focused on the aerospace and defense sectors.

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BAE Systems has rebranded its Saudi Arabia-based U.S. office in an effort to boost industrial partnerships within the region, Arab News reported Tuesday. The company’s former Land Services Arabia unit was renamed BAE Systems Saudi America to represent the organization’s delivery of in-country services and collaboration with customers and partners from Saudi. The report noted the […] More

Private equity firm AE Industrial Partners and financing and development authority Space Florida have partnered to help interested aerospace companies expand and relocate in Florida. The alliance will also aim to create a talent pool for the sector using the state’s existing educational institutions and labor force development initiatives, AEI said Monday. “Our goal is to streamline the […] More

Frontier Aerospace has raised $10 million in a Series A financing from AEI HorizonX, a venture capital platform established by AE Industrial Partners and Boeing. Frontier Aerospace President Jim McKinnon said in a statement published Tuesday the funds will be utilized for the creation of a modern test facility to support future development programs of […] More

Leidos has partnered with the University of Michigan to work on the Mayhem hypersonic program.  Under the collaboration, U-M’s aerospace engineering students will assist Leidos in assembling pieces of the university’s model-based systems engineering environment, Leidos said Monday. The MBSE environment will be deployed in the digital engineering ecosystem for the team working on the […] More