Blackstone has made a significant investment to launch Falcata, a US defence technology company focused on the components inside interceptors. Together, the two businesses cover much of the interceptor guidance chain, including seekers and radar, guidance electronics, control actuation systems, GPS-denied navigation, ISR, and launchers. Both companies have decades of experience delivering these technologies for missile defence and other national security missions.
The US and its allies now face cheap drones and missiles deployed at scale, and recent conflicts have shown that defensive systems must be both effective and available in large numbers. As a result, demand is rising for cheaper interceptors and for the components needed to produce them.
Falcata chairman Jonathan Moneymaker said “lower-cost interceptors are a cornerstone of our national security strategy”. He added that producing more of them requires more capacity in the sensing, guidance, navigation, and control technologies they contain. Blackstone plans to use its capital to scale the business. Falcata will build on the two companies’ existing programmes and customer relationships while investing in technology, manufacturing capacity, and staff.
David Kaden, senior managing director at Blackstone, said the combined company would help “break the supply chain chokepoints that our national defense increasingly requires”. Brandon Wolfson will lead Falcata as chief executive.
Source: PE Insights · Summarized by HeadlinesBriefing