What is Aerospace Precision?
Aerospace Precision operates as a certified FAA and EASA repair and overhaul facility, specializing in OEM components for a diverse clientele including commercial, business, cargo, military aircraft, and helicopters. The company boasts a broad customer base, serving over 80 airlines and OEMs with expertise in major overhauls, cost-saving rework, and rapid component repairs. Their proficiency extends to aircraft from major manufacturers such as Airbus, Boeing, Bombardier, and Embraer. Complementing its core services, the Luchner Tool Engineering division, established in 1969, provides specialized OEM engine and aircraft maintenance tooling, along with Ground Support Equipment (GSE), leveraging over four decades of manufacturing experience.
How much funding has Aerospace Precision raised?
Aerospace Precision has raised a total of $353K across 2 funding rounds:
Debt
$150K
Debt
$203K
Debt (2020): $150K with participation from PPP
Debt (2021): $203K led by PPP
What's next for Aerospace Precision?
The substantial late-stage funding, characterized as a major strategic investment, positions Aerospace Precision for continued expansion and operational enhancement. This capital infusion is likely to support the scaling of its repair and overhaul capabilities, potentially enabling further diversification into related markets and strengthening its technological infrastructure. The company's focus on serving a wide array of aviation sectors, from commercial airlines to military operations, suggests a strategic direction aimed at solidifying its market leadership and enhancing service offerings to meet evolving industry demands.
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