Blackstone has acquired TSC and Applied Systems Engineering to create defense technology platform Falcata. The combined company will develop sensing, guidance, navigation and control technologies for missile defense and national security missions.
Falcata targets demand for lower-cost interceptors to counter drones and missiles. Blackstone will fund additional technology, manufacturing capacity and talent. Jonathan Moneymaker chairs the business, with Brandon Wolfson as CEO.
"With deeper resources, expanded manufacturing capacity and a unified engineering base, Falcata will help ensure our industrial base is ready to advance capability faster and break the supply chain chokepoints that our national defense increasingly requires," said David Kaden, senior managing director at Blackstone.
The deal addresses the US and its allies' threat environment where inexpensive drones and missiles can be deployed at significant scale, increasing demand for affordable interceptors.
Source: PE Hub · Summarized by HeadlinesBriefing