Carlyle provides financing package to Mecachrome Group, a leading global supplier to the aerospace and defense industry

Carlyle

Paris, France – 08 December 2025 – Global investment firm Carlyle (NASDAQ: CG) today announced that its Global Credit platform has provided a financing package of €290 million to support Mecachrome Group, a leading European designer and manufacturer of high-precision components serving the Aerospace and Defense sectors.

Founded in 1937, Mecachrome Group is a leading global tier-1 supplier of high-precision aerostructure and engine components, supporting mission-critical programs across commercial aerospace, defense and motor sports. The company combines deep engineering expertise with fully integrated machining and assembly capabilities, operating a diversified network of more than 20 manufacturing sites across Europe, North America and North Africa. With long-standing, deeply embedded relationships with major aircraft and engine manufacturers, the company plays a critical role in helping the industry to scale production and meet accelerating global demand for new aircraft fueled by record backlogs. Tikehau Capital has been Mecachrome’s Group’s majority shareholder since 2020, having partnered with Bpifrance to drive growth. Since launching its aerospace, defense, and digital security investment platform in 2018, Tikehau Capital has formed partnerships with Airbus, Safran, Dassault Aviation, and Thales, which have invested in its sector-focused strategies.

This financing package will strengthen the company’s financial foundation by refinancing its existing indebtedness and providing additional capital to support Mecachrome Group through organic growth initiatives, including expanding its manufacturing capabilities, and strategic acquisitions. 

Mecachrome Group’s precision components are embedded across major commercial and defense programs in Europe. As aircraft production rises and defense spending grows, reliable suppliers capable of scaling have become essential. This financing highlights the role private credit plays in strengthening aerospace and defense supply chains and supporting companies like Mecachrome Group as demand accelerates. 

The transaction further highlights Carlyle Global Credit’s growing activity in the French market, building on recent financings, including ArgonFitness Park and ADDEV. 

Otto Alaoui, Managing Director in Carlyle Global Credit, said: “As aircraft production and defense investment accelerate globally, the industry relies on trusted partners like Mecachrome to expand capacity and maintain delivery performance. This transaction supports that growth, strengthening Mecachrome Group’s ability to meet higher volumes, invest in its operations, and continue its role as a key contributor to Europe’s aerospace and defense ecosystem.”

Christian Cornille, President and CEO of Mecachrome Group, said: “We are delighted to partner with Carlyle. This transaction enables us to advance the next stage of Mecachrome’s industrial transformation and will be critical as we look to scale capacity, drive operational excellence, and meet the growing needs of our customers across major aerospace and defense programs.”

 

 

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and operates through three segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $474 billion of assets under management as of September 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,400 people in 27 offices across four continents. Further information is available at carlyle.com. Follow Carlyle on LinkedIn at The Carlyle Group and on X at @OneCarlyle.

 

 

About Mecachrome Group

Mecachrome Group is a High Precision Mechanics world leader. For more than 80 years, Mecachrome has been a key player in the design, engineering, machining and assembly of high-precision parts and assemblies for the Aerospace, Premium automotive, Motor sport, Defence and Energy industries. Thanks to its industrial expertise and cutting-edge technology, Mecachrome has earned an international reputation as a first-rate integrator for its customers, which include Airbus, Boeing, Bombardier, Dassault, Safran, Stelia, Porsche, Rolls Royce. Mecachrome employs 5 000 people worldwide.

 

 

Media Contacts 

Carlyle:

Charlie Bristow

Tel: +44 (0) 7384 513568

Email: charlie.bristow@carlyle.com

 

Mecachrome Group:

Anne-annabelle Begey

Tel : +33 646505224

Email: anne-annabelle.begey@mecachrome.com

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Arcline Investment Management to Acquire Novaria Group from KKR for $2.2 Billion

KKR
  • Transaction Positions Leader in Aerospace Engineered Components and Specialty Processes for its Next Chapter of Growth at Scale
  • Provides Cash Payouts to All Employees Through Ownership Program

FORT WORTH, Texas & NEW YORK–(BUSINESS WIRE)– Leading investment firms KKR and Arcline Investment Management (“Arcline”) today announced that Arcline has entered into a definitive agreement to acquire Novaria Group (“Novaria” or the “Company”), a leading provider of engineered aerospace components and specialty processes, in a transaction valued at $2.2 billion.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251109412781/en/

“We are proud of how we built Novaria in partnership with the management team into a resilient aerospace and defense supplier that benefits its employees and customers,” said Josh Weisenbeck, Partner at KKR. “This milestone was enabled by an ownership mindset, operational excellence, and putting our people first, and we are pleased to see all employees share in the value they helped create.”

Following KKR’s initial investment in 2020, Novaria has more than tripled in size, completing 13 strategic add-on acquisitions that broadened its product portfolio and enhanced its manufacturing footprint. The Company today serves 3,000+ customers globally and employs over 1,600 colleagues across the U.S.

“This transaction represents the success of our long-standing partnership with KKR and the dedication of the Novaria team,” said Bryan Perkins, CEO of Novaria Group. “Novaria’s focus on customer partnership within the aerospace industry has driven remarkable results, and this outcome is a reflection of the collective effort and commitment of our colleagues.”

KKR’s track record with Novaria and focus on employee engagement have delivered measurable results across the organization:

  • Safety: Improvements in safety have reduced the total recordable incident rate by over 60% since 2021
  • Talent Retention: Delivered an almost 20% reduction in voluntary turnover since 2021
  • Ownership Culture: Achieved top quartile for manufacturing companies on the Ownership Works index

As a result of Novaria’s employee ownership program, all of the Company’s over 1,600 employees will receive cash payouts upon closing the transaction.

KKR and Novaria were advised by Morgan Stanley & Co. LLC as financial advisor and Kirkland & Ellis as legal advisor on the transaction.

The transaction is subject to customary closing conditions and regulatory approvals.

About Novaria Group
Founded in 2011 and headquartered in Fort Worth, TX, Novaria Group is a leading provider of niche engineered components and specialty processes that serve the aerospace and defense industries. With a mission to improve the aerospace supply chain, Novaria is dedicated to delivering exceptional customer service and quality to its customers. Novaria’s range of products and capabilities position it as a trusted partner to over 3,000 customers.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media Contact
Novaria Group
Dragana Repaja
drepaja@novariagroup.com

KKR
Kenny Juarez / Sarah Moon
media@kkr.com

Source: KKR

 

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Ardian acquires stake in JPB Système, a leading provider of innovative solutions for the aerospace sector and Industry 4.0.

Ardian

With this primary transaction, Ardian’s Growth team is partnering with Damien Marc and the key managers of JPB Système to accelerate the group’s international growth and support its innovation strategy.

JPB Système, a leading French industrial player specializing in the design of self-locking fastening solutions for aircraft engines, welcomes Ardian, a world-leading private investment firm, as a minority shareholder.

Founded in 1995 and led by Damien Marc, who succeeded his father in 2005, JPB Système has established itself as a strategic partner to major global engine manufacturers (including Pratt & Whitney, Safran, GE and Rolls-Royce), thanks to its portfolio of patented products, recognized industrial excellence, and strong capacity for innovation. The group, headquartered in Seine et Marne, generates over 90% of its revenue internationally and employs nearly 200 people.

This transaction marks a major new milestone in the group’s growth, aiming to accelerate its international expansion, strengthen its innovation capabilities, and support its role as a key player in the industry of the future.

The partnership is designed to consolidate JPB Système’s leadership in its core markets and support the company’s entry into new segments through a sustained innovation policy and close customer relationships based on a deep understanding of their needs.

Ardian will leverage the strength of its international network and its expertise in supporting high-growth companies to help drive the group’s technological and organizational development.

Ardian also intends to support the commercial and technological development of JPB Système’s innovations, notably Keyprod, a hardware and software solution for real-time machine performance monitoring, and Boltrakk, a fastening monitoring system aimed at new aerospace and industrial markets. These solutions fully embody the group’s innovative DNA and will open up new avenues for growth.

“Ardian’s minority investment in our capital marks a major milestone in the history of JPB Système. This partnership will accelerate our international development and strengthen our innovation capabilities in the fields of aerospace and Industry 4.0. We are honored to join forces with Ardian, a world-class investment firm, as we pursue our ambition to reinforce French industrial excellence and push the boundaries of innovation on a global scale.” Damien Marc, CEO, JBP Système

“JPB Système embodies French industrial excellence and innovation in service of the global aerospace industry. We have been impressed by Damien Marc’s vision and the quality of the JPB Système team. We are proud to support JPB Système in achieving its ambitions by leveraging all of Ardian’s human, sector-specific, and international resources.” Alexis Saada, Head of Growth & Senior Managing Director, Ardian

“We are convinced that innovation and growth are essential drivers of sustainable value creation. This investment in JPB Système perfectly illustrates our commitment to supporting companies that place technology, excellence, and agility at the heart of their development.” Romain Chiudini, Managing Director Growth, Ardian

List of participants

  • ARDIAN

    • Ardian (Growth): Alexis Saada, Romain Chiudini, Florian Dupont, Solène Hamouda
    • Legal: McDermott Will & Schulte (Diana Hund, Herschel Guez, Auriane Tournay, Benoît Maïto, Côme de Saint-Vincent, Louisiana Lungu, Naré Arshakyan, Charles de Raignac, Emie Paganon, Mai Matsubara, Sabine Nauges, Yves-Emmanuel Le Roux)
    • Financial: Eight Advisory (Christophe Delas, William Jarraud, Paul Mathonnat)
    • Strategic: Strategy& (Xavier Monin, Thierry Calatayut, Léo Lengelé)
  • JPB SYSTEME

    • Management : Damien Marc, Emmanuel Bordry
    • M&A and Financing : Alantra (Olivier Guignon, Florian Touchard, Noémie Curmi, Julien Bordier-Lorenzi, Simon Berta, Jules Dormoy)
    • Legal : Hogan Lovells (Matthieu Grollemund, Pierre-Marie Boya, Eliott Fourcade, Paul de Boishebert, Cassandre Porges, Lucas Glicenstein, Alexis Caminel, Elise Criez)
    • Financial : Eight Advisory (Stéphane Vanbergue, Mehdi Laghmiri, Arnaud Lassiaz, Pierre Rochard)

ABOUT JPB SYSTÈME

JPB Système designs, develops, and manufactures patented self-locking fastening solutions and connected monitoring technologies dedicated to the aerospace sector and Industry 4.0. Its innovations secure critical assemblies, reduce maintenance costs and downtime, and contribute to the sustainable performance of aircraft engines.
Based in Villaroche, near Paris, and employing nearly 200 people, the company generates over 90% of its revenue from exports, and works with the world’s leading engine manufacturers, including Safran, Pratt & Whitney, GE, Rolls-Royce, and ITP Aero. Recognized as an “Industry of the Future Showcase,” JPB Système is a member of GIFAS, French Fab, and Bpifrance Excellence.
A pioneer in integrating digital technologies at the heart of industrial production, JPB Système also develops Keyprod, a hardware and software solution for real-time machine performance monitoring, and Boltrakk, an innovative system for monitoring the tightening of fasteners. These innovations reflect the group’s commitment to paving the way for a smarter, more connected, and more efficient industry.

About Ardian

Ardian is one of the world’s leading private investment houses, with $192 billion in assets managed or advised on behalf of more than 1,860 clients worldwide. Leveraging our expertise in Private Equity, Real Assets, and Credit, we offer our clients a broad range of investment opportunities and have the agility to meet their needs, which is one of our defining characteristics. Ardian Customized Solutions builds tailor-made investment portfolios, develops specific investment strategies adapted to each client’s needs, and provides access to funds managed by leading partners. Private Wealth Solutions offers dedicated services and access solutions for private banks, wealth managers, and institutional private investors around the world.
With Ardian employees representing a majority of the shareholding, Ardian places particular importance on talent development and values a collaborative culture based on collective intelligence. Spread across 20 offices in Europe, the Americas, Asia, and the Middle East, our 1,050+ employees are fully committed to generating superior returns through responsible investment strategies and in compliance with the highest ethical and social responsibility standards. At Ardian, we are fully dedicated to building sustainable businesses.

Media contacts

JPB SYSTÈME

INCUS MEDIA

jpb@incus-media.com 

Ardian

Image 7

ardian@image7.fr 

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Coherent announces agreement to sell aerospace and defense business to Advent for $400 million

Advent

Saxonburg, Pa., August 13, 2025 (GLOBE NEWSWIRE) – Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, today announced that it has entered into a definitive agreement to sell its Aerospace and Defense business to Advent, a leading global private equity investor, for $400 million. Proceeds will be used to reduce debt, which will be immediately accretive to Coherent’s EPS.

Coherent’s Aerospace and Defense designs and manufactures optical and laser systems for defense applications. The business includes approximately 550 employees and 10 geographic sites.

“We are pleased to have reached this agreement with Advent. As part of our strategic portfolio optimization process, this transaction furthers our strategy to concentrate efforts on core growth markets and products,” said Jim Anderson, CEO of Coherent.

“Coherent’s Aerospace and Defense business is an exceptional business with a distinguished heritage in pioneering optical and laser technology for the world’s most demanding applications,” said Shonnel Malani, Managing Partner at Advent. “This acquisition is complementary to our existing investments in the sector and underscores our commitment to investing in mission-critical national security technologies. We are excited to partner with the talented management team, and we plan to invest significantly in R&D to further solidify the business’s leadership in advanced laser and optical solutions.”

We see tremendous potential in this business as a standalone entity,” added Rory McMahon, Vice President at Advent. “Our goal is to build upon its impressive legacy and culture of innovation by providing the resources needed to accelerate production capacity, pursue next-generation opportunities and meet the evolving strategic needs of its customers.”

Advent has a strong track record of investing in the national security sector, including past and current investments in Cobham (2020), Ultra Electronics (2022) and Maxar Technologies (2023). The firm will leverage its global network, operating expertise, and long-term investment horizon to support the company’s strategic initiatives.

Closing Conditions

The transaction is expected to close in the third quarter of calendar year 2025, subject to customary closing conditions. Following close, the Aerospace and Defense business will operate under a new name, which will be announced at a later date. Until that time, the Aerospace and Defense business will continue to operate under the Coherent brand.

About Coherent

Coherent is the global photonics leader. We harness photons to drive innovation. Industry leaders in the datacenter & communications and industrial markets rely on Coherent’s world-leading technology to fuel their own innovation and growth.

Founded in 1971 and operating in more than 20 countries, Coherent brings the industry’s broadest, deepest technology stack; unmatched supply chain resilience; and global scale to help its customers solve their toughest technology challenges. Visit our website at coherent.com.

About Advent

Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $94 billion in assets under management* and have made over 430 investments across 44 countries.

Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses.

As one of the largest privately-owned partnerships, our 660+ colleagues leverage the full ecosystem of Advent’s global resources who bring hands-on operational expertise to help enhance and accelerate businesses. This includes our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals.

Advent has a strong track record of investing in the national security sector, including past and current investments in Cobham (2020), Ultra Electronics (2022) and Maxar Technologies (2023). The firm will leverage its global network, operating expertise, and long-term investment horizon to support the company’s strategic initiatives.

To learn more, visit our website or connect with us on LinkedIn.

*Assets under management (AUM) as of March 31, 2025. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.

Forward-Looking Statements

This press release contains statements, estimates, and projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. The words “expect,” “anticipate,” “estimate” and similar words and expressions are intended to identify such forward-looking statements. In addition, any statements that refer to expectations or other characterizations of future events or circumstances, including statements about the timing of closing of the sale of our Aerospace and Defense business, the use of proceeds therefrom, the impact of the sale on our financial results, and our expectations with respect to optimizing our strategic portfolio and focusing on core growth markets, are forward-looking statements, which are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The forward-looking statements contained herein are not guarantees of future performance and are subject to certain risks and uncertainties that could cause the Company’s actual results to differ materially from its historical experience and our present expectations or projections.

The Company believes that all forward-looking statements made by it herein have a reasonable basis, but there can be no assurance that management’s expectations, beliefs, or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and global economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements herein include but are not limited to: (i) the failure of any one or more of the assumptions stated herein to prove to be correct; (ii) the terms of the Company’s indebtedness and ability to service such debt, (iii) risks relating to future integration and/or restructuring actions; (iv) fluctuations in purchasing patterns of customers and end users; (v) the ability of the Company to retain and hire key employees; (vi) changes in demand in the Company’s end markets along with the Company’s ability to respond to such market changes; (vii) the timely release of new products and acceptance of such new products by the market; (viii) the introduction of new products by competitors and other competitive responses; (ix) the Company’s ability to assimilate other recently acquired businesses, and realize synergies, cost savings, and opportunities for growth in connection therewith, together with the risks, costs, and uncertainties associated with such acquisitions; (x) the risks to realizing the benefits of investments in research and development and commercialization of innovations; (xi) the risks that the Company’s stock price will not trade in line with industrial technology leaders; (xii) the impact of trade protection measures, such as import tariffs by the United States or retaliatory actions taken by other countries; and/or (xiii) the risks relating to forward-looking statements and other “Risk Factors” identified from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events or developments, or otherwise.

Media Contacts

For Coherent:
Amy Wilson
Manager, Corporate Communications
corporate.communications@coherent.com

For Advent:
Peter Folland
Vice President, Communications, Advent
pfolland@adventinternational.co.uk

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York Space Systems Parent Company to Acquire ATLAS Space Operations to Expand Mission Delivery and Space-to-Ground Capabilities

Ae Industrial Partners

Acquisition will strengthen York’s position as a fully integrated space solutions provider for national security and commercial missions

DENVER, July 18, 2025 /PRNewswire/ — York Space Systems (York), a defense technology company transforming how the United States builds and operates space-based capabilities, today announced that its parent company has agreed to acquire ATLAS Space Operations (ATLAS), a pioneer in Ground Software as a Service (GSaaS) for satellite communications. The move brings York a powerful, software-led ground architecture that simplifies operations, removes integration barriers, and enhances space-to-ground resilience—accelerating York’s ability to deliver secure, mission-ready space systems at unmatched speed and value.

ATLAS will play a key role in York’s Golden Dome architecture, a next-generation defense solution that unifies spacecraft, software, and ground operations to deliver full-spectrum capabilities across contested environments. ATLAS will continue to operate independently under its existing brand, serving its diverse portfolio of customers across the space industry.

Founded in 2015, ATLAS delivers secure, cloud-native connectivity through its Freedom® software platform, which provides a single API access point to a global network of more than 50 antennas in 20+ countries and is the only GSaaS provider based in the United States. By shifting the complexity of satellite communications from hardware to software, ATLAS has built a federated network-of-networks that enables real-time tasking, automated scheduling, and seamless cloud delivery of mission data. The result is a flexible, scalable solution that reduces cost, risk, and time to orbit for a growing roster of government and commercial customers.

“ATLAS has built one of the most sophisticated and secure ground communications platforms in the industry,” said Dirk Wallinger, CEO of York. “This acquisition will enhance York’s ability to deliver mission-ready systems on the timelines our customers demand while continuing to support the broader space ecosystem with best-in-class ground solutions.”

The Freedom® platform simplifies ground operations through a single API that abstracts away the complexities of legacy ground station networks. Whether operating a single satellite or a proliferated constellation, customers can onboard faster, stream data directly to the cloud, and flexibly access global infrastructure without building it themselves.

“York shares our vision for a future where space systems are faster, smarter, and seamlessly integrated,” said Corey Geer, CEO of ATLAS. “Together, we are building the infrastructure to meet that future head-on, reducing risk, increasing resilience, and enabling critical data delivery on demand.”

This acquisition will strengthen York’s ability to deliver integrated, mission-ready systems by pairing its high-performance spacecraft and software-defined operations with ATLAS’s proven ground communications platform. Thereby enhancing end-to-end mission delivery, and accelerating deployment timelines, improving data flow from space to ground, and enabling more resilient, autonomous operations across both commercial and national security missions.

The acquisition of ATLAS is pending FCC approval and other customary closing conditions.

About York Space Systems

York Space Systems is a defense technology company transforming how the United States builds and operates space-based capabilities. As the leading provider of proliferated warfighter space solutions, York delivers fully integrated, mission-ready systems, combining high-performance spacecraft, software-defined operations, and ground-based autonomy, at unmatched speed and value.

With a foundation in high-rate manufacturing and systems-level integration, York is driving the convergence of hardware, software, and mission autonomy to redefine how the U.S. executes national defense from space. By enabling real-time intelligence and resilient, scalable infrastructure, York empowers a smarter, faster, and more adaptive defense posture. Learn more at http://www.YorkSpaceSystems.com

About ATLAS Space Operations, Inc.

ATLAS Space Operations is the leading provider of Ground Software as a Service™ in the space communications industry. Recognized repeatedly for technological innovation and industry leadership, ATLAS’s Freedom® software platform provides cloud-native connectivity, global antenna access, real-time tasking, and streamlined data handling. Learn more at atlasspace.com

SOURCE York Space Systems

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Stonepeak Completes Acquisition of Forgital

Stonepeak

John Slattery, former GE Aerospace executive, appointed Chairman of the Forgital Board of Directors

NEW YORK & VELO D’ASTICO – June 30, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the completion of its previously announced acquisition of Forgital Group (“Forgital” or the “Company”), a leading manufacturer of advanced forged and machine-finished components for aerospace and industrial end markets.

Conor Sutherland, Managing Director at Stonepeak, said, “We are thrilled to reach this milestone. Forgital has established itself as a trusted partner to leading aerospace manufacturers and industrial customers through its commitment to quality, innovation and reliability. We see tremendous opportunity ahead for the Company, magnified by durable demand in the aerospace end market. We are excited to partner with the Forgital team to support this next phase of growth.”

“With Stonepeak’s support, we are well positioned to accelerate our strategic agenda,” said Meddah Hadjar, CEO of Forgital Group. “They share our vision and bring deep expertise in mission-critical infrastructure and industrial growth platforms, which aligns well with the demands of our aerospace sector. I am confident in our path forward as we continue to innovate and grow with our customers by delivering precision-engineered components for the most demanding applications.”

In conjunction with today’s announcement, John Slattery has been appointed as Chairman of the Forgital Board of Directors. Mr. Slattery brings deep aerospace industry expertise, most recently serving as Chief Commercial Officer of GE Aerospace and previously as President & CEO of GE Aviation, where he played a critical role in the company’s transformation to an independent, public company in 2024. Prior to his time at GE, he served as President & CEO of Commercial Aviation at Embraer.

“I am delighted to be joining Forgital’s Board at the start of this next chapter, and I look forward to working with the Company’s management team and Stonepeak. I see significant opportunity for the Company, and believe that Forgital’s proud heritage dating to its inception in 1873 provides a strong foundation for continued success,” said John Slattery, Chairman of the Forgital Board of Directors.

Mr. Sutherland added, “We welcome John to the Board. His insight and leadership will be a tremendous asset to Forgital.”

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About Forgital

Forgital is a leading, vertically integrated Group focused on the manufacturing of seamless rolled rings in rectangular or profiled sections, as well as assembled fan modules, covering the largest range of sizes. Forgital specializes in forging rolled rings, with technologically advanced capabilities across a broad range of materials, including titanium, nickel and cobalt alloys, carbon steel, alloy steel, stainless steel and aluminium. Forgital’s Compact Supply Chain simplifies the production process of its customers through an integrated system of technologies and services which encompasses all the steps of the project: from the pre-processing to the post-processing phase (including finishing, welding and macroetching).

Contacts

For Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

For Forgital
Mara Rezzadore
Mara.Rezzadore@forgital.com
+39 0445 731322

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Redwire Completes Acquisition of Edge Autonomy, Establishing Company as a Global Defense Tech Disruptor Specializing in Multi-Domain Solutions

Ae Industrial Partners

JACKSONVILLE, Fla. (June 13, 2025) – Redwire Corporation (NYSE: RDW) (“Redwire”), a global leader in aerospace and defense technology solutions, today announced it has completed its acquisition of Edge Autonomy Intermediate Holdings, LLC, together with its subsidiaries, (“Edge Autonomy”), a leading provider of field-proven uncrewed airborne system (“UAS”) technology. The strategic transaction was approved by Redwire shareholders on June 13.

Transaction Highlights

  • Transforms Redwire into a scaled and profitable space and defense tech company focused on the convergence of integrated autonomous operations for defense and national security. The combined company is uniquely positioned to deliver innovative space and airborne platforms—two of the fastest growing trends in defense technology.
  • Purpose built proven technology portfolios bridge the gap between airborne and space-based systems and enable software-defined, AI-enabled, autonomous operations across multiple domains and orbits, from the surface of the Earth to the surface of the Moon, Mars, and beyond.
  • Significantly expands Redwire’s global manufacturing and innovation presence with a highly skilled workforce of more than 1,300 employees and over 628,000 square feet of manufacturing and production capabilities across the U.S. and Europe after the combination.
  • Accelerates Redwire’s growth trajectory and strengthens its financial profile; the transaction is immediately accretive to Redwire’s revenue, Adjusted EBITDA, and Free Cash Flow
  • The addition of Edge Autonomy’s UAS technologies creates new integrated capabilities for Redwire’s customers that leverage connectivity across space and airborne operations.

“We are pleased to complete this acquisition that establishes Redwire as a global leader in the aerospace and defense sector,” said Redwire’s Chairman and CEO Peter Cannito. “Today marks the start of an exciting new chapter as a combined company. With Edge Autonomy, we are uniquely positioned to transform the future of multi-domain operations and provide decisive advantages to U.S. and allied warfighters. We look forward to leveraging our combined capabilities to enable the most critical missions as we strive to achieve air and space superiority and create significant value for Redwire’s customers and shareholders.”

As previously disclosed, for the twelve months ended December 31, 2025, Redwire, as a combined company and assuming the transaction with Edge Autonomy had been consummated on January 1, 2025, forecasted full year revenues1 of $535 million to $605 million and Adjusted EBITDA1,2 of $70 million to $105 million with positive Free Cash Flow.1,2

Advisors

J.P. Morgan Securities LLC and GH Partners LLC served as financial advisors and Holland & Knight LLP served as legal advisor to Redwire. Texas Capital Securities acted as advisor and lead arranger on the debt financing. Roth Capital Partners served as financial advisor and Richards, Layton & Finger, P.A. served as legal advisor to the special committee of the Board of Directors. Citi and William Blair served as financial advisors and Kirkland & Ellis LLP served as legal advisor to Edge Autonomy.

About Redwire

Redwire Corporation (NYSE: RDW) is an integrated aerospace and defense company focused on advanced technologies. We are building the future of aerospace infrastructure, autonomous systems and multi-domain operations leveraging digital engineering and AI automation. Redwire’s approximately 1,300 employees located throughout the United States and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit RDW.com.

Use of Projections

The financial outlook and projections, estimates and targets in this press release are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainty and contingencies, many of which are beyond Redwire’s or Edge Autonomy’s control. Such calculation cannot be predicted with reasonable certainty and without unreasonable effort because of the timing, magnitude and variables associated with the completion of the proposed merger with Edge Autonomy. Additionally, any such calculation, at this time, would imply a degree of precision that could be confusing or misleading to investors. Neither Redwire nor Edge Autonomy’s independent auditors have audited, reviewed, compiled or performed any procedures with respect to the financial projections for purposes of inclusion in this press release, and, accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purposes of this press release. While all financial projections, estimates and targets are necessarily speculative, Redwire believes that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results for Redwire, Edge Autonomy and the combined company are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial projections, estimates and targets. The inclusion of financial projections, estimates and targets in this press release should not be regarded as an indication that Redwire, or its representatives, considered or consider the financial projections, estimates or targets to be a reliable prediction of future events. Further, inclusion of the prospective financial information in this press release should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved.

Forward-Looking Statements

Readers are cautioned that the statements contained in this press release regarding expectations of our performance or other matters that may affect our or the combined company’s business, results of operations, or financial condition are “forward-looking statements” as defined by the “safe harbor” provisions in the Private Securities Litigation Reform Act of 1995. Such statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included or incorporated in this press release, including statements regarding our or the combined company’s strategy, financial projections, including the prospective financial information provided in this communication, financial position, funding for continued operations, cash reserves, liquidity, projected costs, plans, projects, awards and contracts, and objectives of management, the expected benefits from the business combinationand the expected performance of the combined company, among others, are forward-looking statements. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “continued,” “project,” “plan,” “opportunity,” “estimate,” “potential,” “predict,” “demonstrates,” “may,” “will,” “could,” “intend,” “shall,” “possible,” “forecast,” “trends,” “contemplate,” “would,” “approximately,” “likely,” “outlook,” “schedule,” “pipeline,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are not guarantees of future performance, conditions or results. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control.

These factors and circumstances include, but are not limited to (1) risks associated with the continued economic uncertainty, including high inflation, effects of trade tariffs and other trade actions, supply chain challenges, labor shortages, increased labor costs, high interest rates, foreign currency exchange volatility, concerns of economic slowdown or recession and reduced spending or suspension of investment in new or enhanced projects; (2) the failure of financial institutions or transactional counterparties; (3) Redwire’s limited operating history and history of losses to date as well as the limited operating history of Edge Autonomy and the relatively novel nature of the drone industry; (4) the inability to successfully integrate recently completed and future acquisitions, including the business combination with Edge Autonomy, as well as the failure to realize the anticipated benefits of the transaction or to realize estimated projected combined company results; (5) the development and continued refinement of many of Redwire’s and the combined company’s proprietary technologies, products and service offerings; (6) competition with new or existing companies; (7) the possibility that Redwire’s expectations and assumptions relating to future results and projections with respect to Redwire or Edge Autonomy may prove incorrect; (8) adverse publicity stemming from any incident or perceived risk involving Redwire, Edge Autonomy, the combined company, or their competitors; (9) unsatisfactory performance of our and the combined company’s products resulting from challenges in the space environment, extreme space weather events, the environments in which drones operate, including in combat or other areas where hostilities may occur, or otherwise; (10) the emerging nature of the market for in-space infrastructure services and the market for drones and related services; (11) inability to realize benefits from new offerings or the application of our or the combined company’s technologies; (12) the inability to convert orders in backlog into revenue; (13) our and the combined company’s dependence on U.S. and foreign government contracts, which are only partially funded and subject to immediate termination, which may be affected by changes in government program requirements, spending priorities or budgetary constraints, including government shutdowns, or which may be influenced by the level of military activities and related spending, such as in or with respect to ongoing or future conflicts, including the war in Ukraine, or as a result of changes in international support for military assistance to Ukraine; (14) the fact that Redwire and the combined company are subject to stringent U.S. economic sanctions and trade control laws and regulations, as well as risks related to doing business in other countries, including those related to tariffs, trade restrictions and government actions; (15) the need for substantial additional funding to finance our and the combined company’s operations, which may not be available when needed, on acceptable terms or at all; (16) the dilution of holders of Redwire Common Stock that resulted from or will result from the issuance of additional shares of Redwire Common Stock as consideration for the acquisition of Edge Autonomy, as well as the issuance of Redwire Common Stock in any offering that may be undertaken in connection with such acquisition; (17) the fact that the issuance and sale of shares of Redwire Preferred Stock has reduced the relative voting power of holders of Redwire Common Stock and diluted the ownership of holders of our capital stock; (18) the ability to achieve the conditions to cause, or timing of, any mandatory conversion of the Redwire Preferred Stock into Redwire Common Stock; (19) the fact that AE Industrial Partners (“AE Industrial”) and  BCC Redwire Aggregator, L.P. and their affiliates have significant influence over us, which could limit your ability to influence the outcome of key transactions, as well as AE Industrial’s increased voting power resulting from its receipt of  equity consideration in Redwire’s acquisition of Edge Autonomy; (20) the fact that provisions in our Certificate of Designation with respect to our Redwire Preferred Stock may delay or prevent our acquisition by a third party, which could also reduce the market price of our capital stock; (21) the fact that our Redwire Preferred Stock has rights, preferences and privileges that are not held by, and are preferential to, the rights of holders of our other outstanding capital stock; (22) the possibility of sales of a substantial amount of Redwire Common Stock by our stockholders following consummation of the transaction, which sales could cause the price of Redwire Common Stock to fall; (23) the impact of the issuance of additional shares of Redwire Preferred Stock as paid-in-kind dividends on the price and market for Redwire Common Stock; (24) the volatility of the trading price of Redwire Common Stock; (25) risks related to short sellers of Redwire Common Stock; (26) Redwire’s or the combined company’s inability to report its financial condition or results of operations accurately or timely as a result of identified material weaknesses in internal control over financial reporting, as well as the possible need to expand or improve Edge Autonomy’s financial reporting systems and controls; (27)  the effect of any announcement of the business combination on Redwire’s or Edge Autonomy’s business relationships, operating results and business generally; (28) risks that the business combination disrupts plans and operations of Redwire or Edge Autonomy; (29) the ability of Redwire or the combined company to finance its operations in the future; (30) the impact of any increase in the combined company’s indebtedness incurred to fund working capital or other corporate needs, including the repayment of Edge Autonomy’s outstanding indebtedness and transaction expenses incurred to acquire Edge Autonomy, as well as debt covenants that may limit the combined company’s activities, flexibility or ability to take advantage of business opportunities, and the effect of debt service on the availability of cash to fund investment in the business; (31) the ability to implement business plans, forecasts and other expectations after the completion of the transaction, and identify and realize additional opportunities; (32) a significant portion of Edge Autonomy’s revenues result from sales to customers in Ukraine, which sales have been declining and may continue to decline in the event that the war and hostilities in Ukraine end, decline or change, or as a result of changes in international support for military assistance to Ukraine; and (33) other risks and uncertainties described in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and those indicated from time to time in other documents filed or to be filed with the SEC by Redwire. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. If underlying assumptions to forward-looking statements prove inaccurate, or if known or unknown risks or uncertainties materialize, actual results could vary materially from those anticipated, estimated, or projected. The forward-looking statements contained in this press release are made as of the date of this press release, and Redwire disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Persons reading this press release are cautioned not to place undue reliance on forward-looking statements.

Non-GAAP Financial Information

This press release contains financial measures that have not been prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). These financial measures include forecasted Adjusted EBITDA and Free Cash Flow for Redwire assuming completion of the acquisition of Edge Autonomy. Certain financial metrics for the Redwire and Edge Autonomy businesses by Redwire management have not been calculated pursuant to Article 11 of Regulation S-X. Such calculation cannot be predicted with reasonable certainty and without unreasonable effort because of the timing, magnitude and variables associated with the completion of the proposed merger with Edge Autonomy. Additionally, any such calculation, at this time, would imply a degree of precision that could be confusing or misleading to investors. Further, we are unable to provide reconciliations to forward-looking Adjusted EBITDA and Free Cash Flow because we are unable to provide a meaningful or accurate calculation or estimation of certain reconciling items without unreasonable effort. This is due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Thus, we are unable to present a quantitative reconciliation of the aforementioned forward-looking non-GAAP financial measures to the most closely comparable forward-looking U.S. GAAP financial measure because such information is not available

Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies. We encourage investors and stockholders to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.

Adjusted EBITDA is defined as net income (loss) adjusted for interest expense, net, income tax expense (benefit), depreciation and amortization, impairment expense, transaction expenses, acquisition integration costs, acquisition earnout costs, purchase accounting fair value adjustment related to deferred revenue, severance costs, capital market and advisory fees, litigation-related expenses, write-off of long-lived assets, equity-based compensation, committed equity facility transaction costs, debt financing costs, gains on sale of joint ventures, and warrant liability change in fair value adjustments. Free Cash Flow is computed as net cash provided by (used in) operating activities less capital expenditures.

We use Adjusted EBITDA to evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. We use Free Cash Flow as a useful indicator of liquidity to evaluate our period-over-period operating cash generation that will be used to service our debt, and can be used to invest in future growth through new business development activities and/or acquisitions, among other uses. Free Cash Flow does not represent the total increase or decrease in our cash balance, and it should not be inferred that the entire amount of Free Cash Flow is available for discretionary expenditures, since we have mandatory debt service requirements and other non-discretionary expenditures that are not deducted from this measure.

[1] These amounts are the sum of the standalone full year forecasts for the Redwire and Edge Autonomy businesses by Redwire management. Please refer to “Use of Projections” included in this press release for additional information.

[2] Adjusted EBITDA and Free Cash Flow are not measures of results under generally accepted accounting principles in the United States. Please refer to “Non-GAAP Financial Information” included in this press release for details regarding these Non-GAAP measures.

Media Contact:

Tere Riley
tere.riley@redwirespace.com

Investors:

investorrelations@redwirespace.com
904-425-1431

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AE Industrial Partners Closes Aerospace Leasing Fund II with $418 Million in Capital Commitments

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Ae Industrial Partners

Oversubscribed fund highlights strong investor interest in durable, risk-adjusted asset class

BOCA RATON, Fla.–(BUSINESS WIRE)–AE Industrial Partners, LP (“AE Industrial”), a private investment firm specializing in National Security, Aerospace, and Industrial Services, today announced the close of its second aerospace leasing fund, AE Industrial Partners Aerospace Leasing Fund II, LP (“Aerospace Leasing Fund II”), which was oversubscribed with total capital commitments of $418 million, reflecting strong support from both existing and new investors. Commitments came from a diverse mix of institutional investors, including public and private pensions, family offices, and endowments.

Established in 2020, AE Industrial’s aerospace leasing platform leverages its core competencies in sourcing, structuring, and managing late life current technology commercial aircraft and engines, business jets, and special mission aircraft modified for government contracts. To date, Aerospace Leasing Fund II has committed over 35% of its capital to acquire a fleet of 20 assets. With the close of Aerospace Leasing Fund II, AE Industrial broadens its leasing strategy, seeking attractive risk-adjusted returns designed to produce current income and capital appreciation for investors.

“We are grateful for the strong interest we have seen in our latest fund from both existing and new investors,” said David Rowe, Co-CEO & Managing Partner at AE Industrial. “This enthusiastic response underscores our team’s deep experience, track record, and global network. It also demonstrates that investors are looking for longer-term opportunities with strong underlying assets that can insulate them from market volatility while providing more predictable returns.”

“A convergence of industry tailwinds, including production bottlenecks, and airlines becoming more focused on utility and reliability, have continued to drive strong demand for commercial leased aerospace assets. This, coupled with the robust global growth for specialized or modified aircraft, creates unique well-structured investment opportunities,” said Nathan Dickstein, Partner and Head of Aerospace Leasing at AE Industrial. “With our dedicated capital and broader leasing platform, we will continue to provide innovative solutions to our global base of customers.”

About AE Industrial Partners Aerospace Leasing:
AE Industrial Partners Aerospace Leasing, the leasing platform of AE Industrial Partners, invests in asset-backed opportunities across the commercial, business, and special mission aerospace sectors. The dedicated investment team focuses on offering bespoke leasing solutions to its global customer base of airlines, corporates, and government entities. Leveraging the team’s deep technical knowledge and aircraft management expertise, AE Industrial Partners Aerospace Leasing seeks to build diversified, income-producing portfolios by opportunistically investing in assets under operating and finance leases. For more information, please visit www.aeroequity.com/aerospace-leasing/.

About AE Industrial Partners:
AE Industrial Partners is a private investment firm with $6.4 billion of assets under management focused on highly specialized markets including national security, aerospace, and industrial services. AE Industrial Partners has completed more than 130 investments in market-leading companies that benefit from its deep industry knowledge, operating experience, and network of relationships across the sectors where the firm invests. With a commitment to driving value creation in partnership with the management teams of its portfolio companies, AE Industrial Partners invests across private equity, venture capital, and aerospace leasing.

Media Contact:
Stanton Public Relations & Marketing
Matt Conroy
mconroy@stantonprm.com
(646) 502-3563

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Charlesbank Completes Acquisition of EMCORE to Form Velocity One

Charlesbank

Transaction solidifies the formation of a new industry leader providing highly engineered products to the aerospace and defense markets

BOSTON, MA & FAIRFIELD, NJ, March 5, 2025 – Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm, today announced that it has, through new aerospace manufacturing holding company Velocity One, successfully closed on its acquisition of EMCORE Corporation (formerly Nasdaq: EMKR) (“EMCORE”), a provider of specialized inertial navigation solutions to the aerospace and defense (“A&D”) industry. The transaction was first announced on November 8, 2024, following unanimous approval by the EMCORE board of directors.

Headquartered in Fairfield, New Jersey, Velocity One (or the “Company”) brings together EMCORE with Cartridge Actuated Devices, Inc. (“CAD”) and Aerosphere Power, positioning itself as an industry leader with operating units capable of designing, manufacturing, and supporting a wide range of critical products including navigational solutions, energetic devices, and power system solutions for the aerospace and defense end-markets. Together, these leading businesses comprise approximately 250 employees across five facilities. Building on these capabilities, the Company will focus on partnering with leading component manufacturers as part of a strategy to build a market-leading aerospace and defense platform.

John Borduin, an industry veteran with 20 years’ experience in senior leadership positions at prominent aerospace and defense companies including CAD, Avionic Instruments, Safran, and GE Aviation, will lead Velocity One as Chief Executive Officer. Brandon White, Managing Director and Co-Head – Flagship, at Charlesbank, has joined the Board of Directors of the combined company, along with Senior Vice President Samuel Bekenstein and Vice President Karan Talreja.

“The creation of Velocity One follows a multi-year thematic pursuit in the aerospace sector for Charlesbank. We are thrilled to complete this transformative acquisition, which we believe will solidify the formation of a new industry leader providing proprietary, highly engineered products to the aerospace and defense sectors,” said Mr. White. “The three companies under the wing of Velocity One share a reputation for delivering high-quality products and a clear vision to create value organically and through M&A. We are excited to partner with this driven, highly skilled management team to propel future growth.”

“The addition of EMCORE to our portfolio represents an exciting opportunity for us to accelerate our growth together as Velocity One,” said CEO Mr. Borduin. “With the support of Charlesbank, we look forward to continuing to scale our business, capitalize on an attractive M&A pipeline and unlock new opportunities in the aerospace and defense sectors.”

As part of the transaction, Launch Point Partners LLC (“Launch Point”), a private investment firm specializing in the A&D industry, will become a strategic co-investor in Velocity One alongside Charlesbank.

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Firefly Aerospace Becomes First Commercial Company to Successfully Land on the Moon

Ae Industrial Partners

Cedar Park, Texas, March 2, 2025 – Firefly Aerospace, the leader in end-to-end responsive space services, today announced its Blue Ghost lunar lander softly touched down on the Moon’s surface in an upright, stable configuration on the company’s first attempt. As part of NASA’s Commercial Lunar Payload Services (CLPS) initiative, Firefly’s Blue Ghost Mission 1, named Ghost Riders in the Sky, sets the tone for the future of exploration across cislunar space as the first commercial company in history to achieve a fully successful soft-landing on the Moon.

“Firefly is literally and figuratively over the Moon,” said Jason Kim, CEO of Firefly Aerospace. “Our Blue Ghost lunar lander now has a permanent home on the lunar surface with 10 NASA payloads and a plaque with every Firefly employee’s name. This bold, unstoppable team has proven we’re well equipped to deliver reliable, affordable access to the Moon, and we won’t stop there. With annual lunar missions, Firefly is paving the way for a lasting lunar presence that will help unlock access to the rest of the solar system for our nation, our partners, and the world.”

Carrying 10 NASA instruments, Blue Ghost completed a precision landing in Mare Crisium at 2:34 a.m. CST on March 2 and touched down within its 100-meter landing target next to a volcanic feature called Mons Latreille. Blue Ghost’s shock absorbing legs stabilized the lander as it touched down and inertial readings confirmed the lander is upright in a stable configuration. Following touchdown, Firefly is successfully commanding and communicating with the lander from its Mission Operations Center in Cedar Park, Texas.

Blue Ghost will now begin its surface operations and support several NASA science and technology demonstrations over the next 14 days – equivalent to a full lunar day. The surface operations include lunar subsurface drilling, sample collection, X-ray imaging, and dust mitigation experiments. On March 14, Firefly expects to capture high-definition imagery of a total eclipse when the Earth blocks the sun above the Moon’s horizon. On March 16, Blue Ghost will then capture the lunar sunset, providing data on how lunar dust levitates due to solar influences and creates a lunar horizon glow first documented by Eugene Cernan on Apollo 17. Following the sunset, Blue Ghost will operate several hours into the lunar night and continue to capture imagery that observes how levitating dust behavior changes after the sunset.

“With the hardest part behind us, Firefly looks forward to completing more than 14 days of surface operations, again raising the bar for commercial cislunar capabilities,” said Shea Ferring, Chief Technology Officer at Firefly Aerospace. “Just through transit to the Moon, Firefly’s mission has already delivered the most science data to date for the NASA CLPS initiative. CLPS has played a key role in Firefly’s evolution from a rocket company to a provider of launch, lunar, and on-orbit services from LEO to cislunar and beyond. We want to thank NASA for entrusting in the Firefly team, and we look forward to delivering even more science data that supports future human missions to the Moon and Mars.”

Throughout its 45-day journey to the Moon, Blue Ghost traveled more than 2.8 million miles, downlinked more than 27 GB of data, and supported several payload science operations. This included signal tracking from the Global Navigation Satellite System at a record-breaking distance with the LuGRE payload, radiation tolerant computing through the Van Allen Belts with the RadPC payload, and measurements of magnetic field changes with the LMS payload.

Firefly will continue to provide regular updates on the Blue Ghost Mission 1 webpage through the completion of the mission. NASA’s Artemis blog will share additional details on payload operations.

About Firefly Aerospace
Firefly Aerospace is an end-to-end responsive space company with launch, lunar, and on-orbit services. Headquartered in central Texas, Firefly is a portfolio company of AE Industrial Partners (“AEI”) focused on delivering rapid, reliable, and affordable space access for government and commercial customers. Firefly’s small- to medium-lift launch vehicles, lunar landers, and orbital vehicles provide the space industry with a single source for missions from low Earth orbit to the surface of the Moon and beyond. For more information, visit www.fireflyspace.com.

Media Contact
press@fireflyspace.com

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