Applied Aerospace Structures Corporation (AASC) and PCX Aerostructures have merged to form a new entity, Systima Technologies, focused on serving the flight and space hardware industry in the U.S. The merger will enhance the companies’ capabilities in the aerospace and defense sectors by combining their specialized skills and resources.
AASC, based in California, is a leading provider of complex, lightweight flight hardware. Its products are used in scientific spacecraft, launch vehicles, and military aircraft. On the other hand, Connecticut-based PCX Aerostructures is a top supplier of highly engineered, precision, flight-critical assemblies for rotorcraft and fixed-wing aerospace platforms.
The new entity, Systima Technologies, will be headed by Brian Foy, the former CEO of PCX Aerostructures. According to Foy, the merger is a strategic move aimed at expanding the capabilities of the two companies to better serve their customers in the aerospace and defense industries. The new group will leverage the combined expertise and capacities of AASC and PCX to deliver a more comprehensive suite of solutions.
Systima Technologies will focus on providing complex composite structures, precision machined components, and integrated systems for aerospace applications. These will be leveraged across a broad range of platforms and programs to support various customer requirements.
The merger is backed by AE Industrial Partners (AEI), a private equity firm specializing in aerospace, defense & government services, power generation, and specialty industrial markets. AEI aims to build a strong portfolio of leading companies in these sectors, and the formation of Systima Technologies aligns with this strategy.
The merger of AASC and PCX marks a significant milestone in the U.S. flight and space hardware industry. The combined capabilities of the two companies under Systima Technologies will enable them to serve a wider range of customer needs and participate in more significant programs. This would potentially contribute to advancements in the aerospace and defense sectors.
In summary, the merger of AASC and PCX Aerostructures to form Systima Technologies aims to enhance their collective capabilities in the aerospace and defense sectors. With the backing of AE Industrial Partners, the new group will be better positioned to serve a broader range of customer requirements with a comprehensive suite of solutions. This strategic move could potentially lead to significant advancements in the U.S. flight and space hardware industry.
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