What Happened
Investment Firm Expands Into Aerospace With New Technology Venture
Blackstone has launched a new defense technology company, Falcata, to expand production of sensors, navigation systems, and guidance equipment used to intercept drones and missiles. The company combines Technology Service Corp. and Applied Systems Engineering Inc., and aims to make defenses against these threats more affordable. With a commitment of over $1 billion, Blackstone expects Falcata to help meet demand for more affordable defenses. The company plans to invest in manufacturing capacity, engineering, and recruitment, and may acquire additional companies in the future. This development was first reported by AeroTime.