Dan’s Biz Bookshelf: 'This Is Strategy: Make Better Plans'
The Chemical Connection: Reducing Defects in Circuit Board Production
It’s Only Common Sense: Trust Is All You Need
Spirit Announces Sale of FMI to Tex Tech Industries
January 14, 2025 | Spirit AeroSystems Holdings, Inc.Estimated reading time: 1 minute
Spirit AeroSystems Holdings, Inc. announced the sale of Fiber Materials Inc (FMI) business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex Tech Industries, Inc. (Tex-Tech) for $165 million in cash.
FMI is an industry leader in high-temperature materials and reinforced composites, with a focus on Carbon / Carbon and related composites. FMI's applications include thermal protection systems, re-entry vehicle nose tips, and rocket motor throats and nozzles. FMI's products are installed on critical defense platforms as well as NASA programs such as Stardust, Mars Curiosity, Orion, and Mars 2020. The program employs approximately 400 engineers and production personnel.
"This transaction is in the best interest of Spirit, the FMI business and the customers it serves," said Irene Esteves, Spirit AeroSystems Chief Financial Officer.
"The acquisition of FMI is highly complementary and strategic for Tex-Tech," said Scott Burkhart, Tex-Tech Chief Executive Officer. "The addition of FMI adds a unique set of high-performance products to our robust portfolio of thermally protective materials. FMI's unique capabilities will allow us to better service the rigorous material requirements in the rapidly growing space and defense industry."
Share on:
Suggested Items
Zhen Ding Promotes Digital Transformation and Embraces AI Business Opportunities
06/06/2025 | Zhen Ding TechnologyOn May 27, 2025, General Manager Chen-Fu Chien of Zhen Ding Technology Group was invited to attend the "2025 Two Thousand Forum" held by The CommonWealth Magazine.
Qualcomm Acquires Autotalks to Boost V2X Deployments
06/06/2025 | Qualcomm IncorporatedQualcomm Incorporated announced that its subsidiary, Qualcomm Technologies, Inc., has completed the acquisition of Autotalks, an industry leader in direct vehicle-to-everything (V2X) communication solutions.
Leidos Using Quantum Technology to Thwart GPS Jamming
06/05/2025 | PRNewswireSusceptibility to jamming is a significant military vulnerability of the Global Positioning System (GPS) signal. Through a Defense Innovation Unit contract, Leidos is developing an alternative navigation technology that measures variations in the Earth's magnetic field and harnesses the quantum properties of nitrogen in diamonds.
Growing Demand for Mid-Size Displays Opens New Opportunities for FMM-Free OLED Technologies
06/05/2025 | TrendForceTrendForce’s latest report on the display industry reveals that OLED technology—valued for its self-emissive structure, high contrast ratio, and lightweight design—continues to expand its market presence, primarily in small-size applications such as smartphones.
Technica Expands into Emerging Printed Electronics and Advanced Coatings Markets
06/04/2025 | Technica USATechnica is expanding its product portfolio with Agfa’s advanced line of Orgacon conductive coatings. The Orgacon products are a natural complement to Technica’s existing solutions and will allow the company to deliver greater value to customers in these markets.