It’s Only Common Sense: If You’re Not Differentiated, You’re Dead
Alpha Insights, Performance by Design: The Future of PCB Manufacturing in the Midwest
Happy’s Tech Talk #43: Engineering Statistics Training With Free Software
Spirit Announces Purchase Agreement with Tex Tech Industries for Intended Sale of FMI
November 19, 2024 | Spirit AeroSystems, Inc.Estimated reading time: Less than a minute
Spirit AeroSystems Holdings, Inc. announces a purchase agreement to sell Fiber Materials, Inc (FMI) business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex-Tech Industries, Inc. for $165,000,000 in cash, subject to customary adjustment.
FMI is an industry leader in high-temperature materials and reinforced composites, with a focus on Carbon / Carbon and related composites. FMI's applications include thermal protection systems, re-entry vehicle nose tips, and rocket motor throats and nozzles. FMI's products are installed on critical defense platforms as well as NASA programs such as Stardust, Mars Curiosity, Orion, and Mars 2020. The program employs approximately 400 engineers and production personnel.
"Tex-Tech is excited to add FMI's unique array of high-performance products to our existing portfolio of offerings for the rapidly growing space and defense industry," said Scott Burkhart, Tex-Tech Chief Executive Officer. "Our customers demand world-class solutions, and the integration of FMI bolsters our ability to meet those demands."
Share on:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
Incap UK Invests in Solar Panels to Enhance Share of Renewable Energy
10/13/2025 | IncapIncap UK is finalising the installation of a rooftop solar power system at its facility in Newcastle-under-Lyme. The investment is expected to supply up to 49% of the factory’s electricity needs.
Incap Slovakia Integrates ERP and MES Systems to Accelerate Operations
09/30/2025 | IncapIncap Slovakia, part of the global EMS provider Incap Corporation, has implemented SAP Business One (SAP B1) to strengthen operational control, improve traceability, and support faster, more flexible manufacturing.
Health and Safety Initiatives at Incap India
09/23/2025 | IncapIncap India recently organised two important initiatives to support the wellbeing and safety of its teams.
Dan’s Biz Bookshelf: Four Important Books You Need to Read (Not Just Say You Have)
09/18/2025 | Dan Beaulieu -- Column: Dan's Biz BookshelfDan Beaulieu continues his popular book review series by reviewing four classic books that he believes everyone should have on their bookshelf. In this column, he reviews "The Prince" by Niccolò Machiavelli, "The Art of War," by Sun Tzu, "How to Win Friends and Influence People," by Dale Carnegie, and "Think and Grow Rich," by Napoleon Hill. While we've all heard of these books and maybe read them, Dan will give you a new perspective.
Sustainability and Selective Soldering
09/15/2025 | Dr. Samuel J. McMaster, Pillarhouse InternationalSustainability is more than just a buzzword for the electronics industry; it’s a key goal for all manufacturing processes. This is more than a box-ticking exercise or simply doing a small part for environmentally friendly processes. Moving toward sustainable solutions drives innovation and operational efficiency.