The Chemical Connection: Surface Finishes for PCBs
It’s Only Common Sense: 7 Tips to Focus on What Works
The Marketing Minute: Go Big or Go Home—Long-form Content Is Your Brand’s Best Friend
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:
Suggested Items
Electronic Design Automation Market to Reach $17.47 Billion by 2030, Growing at a CAGR of 10.7%
03/31/2025 | PRNewswireThe growth of the EDA market is driven by the increasing complexity of integrated circuit (IC) designs, rising adoption of connected devices, and growing demand for EDA solutions in the aerospace and defense sectors. Additionally, the increasing integration of AI and machine learning in chip design is further boosting market expansion.
Incap Launches ‘Incap Legends’ esports Tournament and Invites Students from Around the World to Participate
03/31/2025 | IncapIncap Corporation is proud to announce the launch of ‘Incap Legends’, a new esports tournament in partnership with Newcastle and Stafford Colleges Group (NSCG).
Meyer Burger, Memodo Sign Supply Agreement for Italy
03/28/2025 | Meyer BurgerMeyer Burger Technology AG and photovoltaic distributor Memodo have signed a supply agreement. The high-performance modules “Made in Germany” were manufactured at the Freiberg plant in Germany and are intended for the Italian market.
Global Fab Equipment Investment Expected to Reach $110 Billion in 2025
03/26/2025 | SEMIGlobal fab equipment spending for front-end facilities in 2025 is anticipated to increase by 2% year-over-year (YoY) to $110 billion, marking the sixth consecutive year of growth since 2020, SEMI announced today in its latest quarterly World Fab Forecast report.
RS, Schneider Electric Facilitate Smart Manufacturing
03/25/2025 | PRNewswireRS, a global product and service solutions provider for industrial customers, offers Schneider Electric's Lexium product portfolio, which combines innovative, tested and proven mechanical, electrical, and PLC logic devices — including cobots — with powerful, intuitive software to provide end-to-end integrated smart manufacturing solutions ideal for use in automotive, electronics, consumer packaged goods, metal, machinery, life science, logistics, and warehouse applications.