tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Cerberus acquires Calspan’s hypersonic, defenset test units from TransDigm

Cerberus Capital Management, L.P. announced that it has acquired Calspan’s hypersonic and defense test systems business units from TransDigm Group. In acquiring Calspan Aero Systems Engineering and Calspan Systems, Cerberus has established North Wind, an independent business centrally focused on the advancement of the United States’ hypersonic test capability through ground-based facility design, build and operations, testing, and analysis. Headquartered in St. Paul, Minnesota, with decades of specialized experience as a trusted independent partner to the U.S. government’s Research, Development, Test & Evaluation organizations, North Wind is uniquely positioned to serve the demands of its customers with high-quality, customized engineering services and integrated solutions. The acquisition and subsequent formation of North Wind are led by Cerberus’ Supply Chain and Strategic Opportunities platform, which acquires and invests in companies addressing supply chain shortages, defined by critical long-term U.S. national security requirements, to help drive innovation, promote resilient infrastructure, and increase security for the United States and its allies.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1