Overview
- Manufacturer providing solutions to aerospace and defense:
- Components and assemblies for military aircraft, rockets, missiles, and satellites
- CNC machining, sheet metal fabrication, and welded structures
- Engineering design and analysis
- Assembly and integration
- 615 orders in 2020
- 150 orders from commercial space industry over last 2 years, worth $3.9 million
- 9 single-source contracts worth 14.8% of revenue
- Skilled workforce and extensive equipment inventory
Future Story
Double EBITDA in next 2 years
- Increasing production by 40%
- Will expedite turnaround of 2-year backlog worth $23 million as of June 2021
- Requires leasing larger facility and increasing headcount by 20%
- No additional equipment necessary
- Expanding business with commercial aviation industry by hiring 15 machinists, inspectors and technicians
- Space industry projected to record a CAGR of 8% between 2021-2026 with $25.6 billion in investment in 2020
Sustainability
- 95% of revenue from repeat customers
- 90% of sales for end-use of U.S. Department of Defense with $715 billion budget in 2022
- 5-year contracts with 3 major aerospace and defense entities
Defensibility
- Approved vendor to all U.S. defense contractors
- AS9100D certified, essential for defense and aerospace manufacturers
- Defense contractors averse to taking on new suppliers
Future Story
Double EBITDA in next 2 years
- Increasing production by 40%
- Will expedite turnaround of 2-year backlog worth $23 million as of June 2021
- Requires leasing larger facility and increasing headcount by 20%
- No additional equipment necessary
- Expanding business with commercial aviation industry by hiring 15 machinists, inspectors and technicians
- Space industry projected to record a CAGR of 8% between 2021-2026 with $25.6 billion in investment in 2020
Sustainability
- 95% of revenue from repeat customers
- 90% of sales for end-use of U.S. Department of Defense with $715 billion bu