Standard of Excellence: Delivering Excellence—A Daily Goal
Knocking Down the Bone Pile: Tin Whisker Mitigation in Aerospace Applications, Part 3
The Knowledge Base: Building the Workforce of Tomorrow With EMAC
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
NEOTech Recognized as a 2025 Northrop Grumman Platinum Supplier for Second Consecutive Year
06/26/2025 | NEOTechNEOTech, a premier provider of electronic manufacturing services (EMS), integrated design engineering, and advanced supply chain solutions for the aerospace and defense, medical device, and high-tech industrial markets, proudly announces that it has again been recognized by Northrop Grumman Mission Systems (NGMS) with the prestigious Platinum Supplier designation for 2025.
Robotas Expands European Representative Network with New Strategic Partnerships
06/26/2025 | Robotas Technologies Ltd.Robotas Technologies Ltd. is pleased to announce the expansion of its global sales representative network in Central and Eastern Europe through new partnerships with Weißer SMT Solutions in Germany and MicroVision Technologies (MVTech) in Romania and Hungary.
2025 ASEAN IT Spending Growth Slows to 5.9% as AI-Powered IT Expansion Encounters Post-Boom Normalization
06/26/2025 | IDCAccording to the IDC Worldwide Black Book: Live Edition, IT spending across ASEAN is projected to grow by 5.9% in 2025 — down from a robust 15.0% in 2024.
DownStream Acquisition Fits Siemens’ ‘Left-Shift’ Model
06/26/2025 | Andy Shaughnessy, I-Connect007I recently spoke to DownStream Technologies founder Joe Clark about the company’s acquisition by Siemens. We were later joined by A.J. Incorvaia, Siemens’ senior VP of electronic board systems. Joe discussed how he, Rick Almeida, and Ken Tepper launched the company in the months after 9/11 and how the acquisition came about. A.J. provides some background on the acquisition and explains why the companies’ tools are complementary.
Technica USA Hosts Marek Mosakowski, Product Manager for REECO
06/25/2025 | Technica USAThis week, Technica USA had the pleasure of hosting Marek Mosakowski, Product Manager for REECO, at our San Jose offices. During his visit, Marek met with customers across the Bay Area to introduce REECO’s extensive line of ESD (Electrostatic Discharge) clothing and showcase the brand’s latest innovations.