Global PCB Connections: Rigid-flex and Flexible PCBs—The Backbone of Modern Electronics
Flexible Thinking: The Key to a Successful Flex Circuit Design Transfer
Happy’s Tech Talk #29: Bend-to-Install Semi-flex FR-4
Spirit Announces Sale of FMI to Tex Tech Industries
January 14, 2025 | Spirit AeroSystems Holdings, Inc.Estimated reading time: 1 minute
Spirit AeroSystems Holdings, Inc. announced the sale of Fiber Materials Inc (FMI) business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex Tech Industries, Inc. (Tex-Tech) for $165 million in cash.
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.
"This transaction is in the best interest of Spirit, the FMI business and the customers it serves," said Irene Esteves, Spirit AeroSystems Chief Financial Officer.
"The acquisition of FMI is highly complementary and strategic for Tex-Tech," said Scott Burkhart, Tex-Tech Chief Executive Officer. "The addition of FMI adds a unique set of high-performance products to our robust portfolio of thermally protective materials. FMI's unique capabilities will allow us to better service the rigorous material requirements in the rapidly growing space and defense industry."
Share on:
Suggested Items
Yannick Green Joins Technica USA as Business Development/Account Manager for Northern California and Northern Nevada
07/07/2025 | Technica USATechnica USA is proud to announce that industry veteran Yannick Green has rejoined Team Technica as Business Development/Account Manager, supporting both supply partners and PCBA customers across Northern California and Northern Nevada.
ViTrox Announces Strategic Partnership with Maxim SMT to Strengthen Presence in India
07/04/2025 | ViTroxViTrox, which aims to be the World’s Most Trusted Technology Company, is proud to announce the appointment of Maxim SMT as its new Sales Channel Partner in India, effective 1st June 2025.
Hanwha Semitech Americas Appoints Jarred Ragard as Regional Sales Manager
07/03/2025 | Hanwha Semitech AmericasHanwha Semitech Americas is pleased to announce the appointment of Jarred Ragard as Regional Sales Manager, strengthening the company’s sales leadership as it continues to expand across North America.
HCLTech, Equinor Expand Digital Collaboration
07/02/2025 | BUSINESS WIREHCLTech, a global technology leader, and Equinor, Europe's largest energy supplier and a pioneer in renewables and low-carbon solutions, have expanded their IT collaboration to support the next phase of Equinor’s digital transformation.
SEMI, TechSearch International Release 2025 Edition of Worldwide Semiconductor Assembly & Test Facility Database
07/01/2025 | SEMISEMI and TechSearch International announced the release of the 2025 edition of the Worldwide Semiconductor Assembly & Test Facility Database, the industry’s most comprehensive resource tracking global assembly and test sites operated by integrated device manufacturers (IDMs) and outsourced semiconductor assembly and test providers (OSATs).