Tag: Aerospace Manufacturing
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OHB Launches €510 Million Share Offering to Fund Expansion and Strategic Investments
German aerospace and satellite manufacturer OHB has priced a previously announced share offering aimed at raising up to €510.7 million ($585.8 million) to support expansion plans across its space and technology businesses. The company said it will issue up to 1.7 million new shares at a subscription price of €300 per share as part of…
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Applied Aerospace & Defense Raises $650 Million in NYSE Debut
Applied Aerospace & Defense began trading on the New York Stock Exchange on Wednesday after launching an initial public offering of 32.5 million shares designed to raise approximately $650 million. The company was formed through the merger of aerospace suppliers Applied Aerospace and PCX Aerosystems, which were both previously owned by private equity firm Greenbriar…
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Avio Secures $65M U.S. Contract for Solid Rocket Motor Development
Avio announced on 6 March that it has secured a $65 million contract from Defense Systems and Solutions for the development, qualification and initial production of solid rocket motors for air defence applications. Defense Systems and Solutions is a joint venture between Yulista Integrated Solutions and Science and Engineering Services. The contract covers a three-year…
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CesiumAstro Raises $470 Million to Expand Satellite Manufacturing and Product Development
Aerospace startup CesiumAstro said on Monday it has raised $470 million to finance manufacturing expansion and product development as demand grows for components used in low-Earth orbit satellite constellations. More than half of the funding came from an equity round led by Trousdale Ventures, with participation from Airbus Ventures, the Development Bank of Japan, and…