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by Stephen Perry on 08/01/2007
Irvine, CA (August 8, 2007) – Janes Capital Partners is pleased to announce the sale of Scaled Composites to Northrop Grumman. Located in Mojave, California, with broad experience in vehicle design, tooling and manufacturing; specialty composite structure design, analysis and fabrication; and developmental flight test. Scaled Composites is a specialty aerospace and composites development company continually working to push boundaries, prove out ideas, and influence the future.
Northrop Grumman Corporation is a leading global security company providing innovative systems, products and solutions in unmanned systems, cyber, C4ISR, and logistics and modernization to government and commercial customers worldwide.Northrop Grumman aimed to strengthen its capabilities in advanced aerospace design, innovation, and rapid prototyping. Acquiring Scaled Composites aligned with Northrop’s strategy to enhance its position in commercial space and cutting-edge aviation technologies.
About Northrop Grumman
Northrop Grumman (www.northropgrumman.com) is a leading global aerospace and defense technology company. Their pioneering solutions equip their customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by their shared purpose to solve customers’ toughest problems.
About Scaled Composites
Scaled Composites is a specialty aerospace and composites development company continually working to push boundaries, prove out ideas, and influence the future. Founded by Burt Rutan in 1982 and located in Mojave, CA, Scaled has averaged one first flight of a unique, new airplane per year. Scaled designs, builds, and tests proof-of-concept, prototype, and milestone achieving vehicles including the Proteus, SpaceShipOne, Model 401, and Stratolaunch.
About Janes Capital Partners
Based in Irvine, CA, Janes Capital Partners (www.janescapital.com) is a leading investment banking firm focused solely on the Aerospace and Defense industry. The firm provides mergers and acquisition advisory services and assists clients in executing growth strategies and liquidity events. The members of Janes Capital Partners have completed more than 80 successful A&D transactions and $5.5 billion in closed transaction value. Securities transactions are conducted through JCP Securities, Inc., a registered Broker/Dealer, member FINRA/SIPC, and registered Investment Advisor.
Janes Capital Partners is an independent financial advisory firm that is affiliated with Oaklins International Inc (www.oaklins.com). Oaklins is the world’s most experienced mid-market M&A advisor, with 850 professionals globally and 15 dedicated industry teams in 45 countries.