Missouri Aerospace Industry Growing With Purchase of Texas Companies
- November 08, 2016
Missouri-based ESCO Technologies Inc. announced it has acquired aerospace parts supplier Mayday Manufacturing Co. and affiliated metal processor Hi-Tech Metals Inc. Terms of the deal for the aerospace manufacturers, which operate jointly in a state-of-the-art, 130,000 sq. ft. facility, were not disclosed.
“Expanding our content across the global aerospace and defense market is an integral part of our strategy, and I’m confident this acquisition will result in additional growth opportunities for us,” Vic Richey, ESCO’s chairman and CEO, said in a statement. “Additionally, these unique technologies create a significant opportunity for us to further expand our aerospace related offerings into a broader platform of new product development areas.”
The U.S. is the world’s largest aerospace producer and Missouri has a rich history in aerospace, from Charles Lindbergh, to the Mercury space program, to the latest in aerospace innovation. Today, Missouri is home to more than 100 aerospace companies, and Missouri talent builds Boeing’s F/A-18, EA-18 and F-15 fighter jets, along with a huge array of military ordinance.