What is Caliber Precision?
Founded in 2005 in Mount Vernon, Washington, by Engineer Paul Budd and Machinist Bodi Orton, Caliber Precision began as a specialized provider of prototype, tool, and die services for the defense and aerospace industries. Over the years, the company has expanded its capabilities to include production work across various sectors, consistently upholding the high standards established in its early defense-focused operations. This evolution has seen Caliber Precision grow from a two-person, 1,100-square-foot shop to a 25-plus employee operation in an 11,000-square-foot facility. The company has achieved significant operational milestones, including AS9100 certification, DD2345 registration, NIST 800-171 cybersecurity compliance, and membership in the AJAC apprenticeship program. These advancements, coupled with a commitment to employee development, have enabled Caliber Precision to meet evolving customer demands and earn numerous accolades, including 11 Supplier of the Year awards from General Dynamics Ordnance and Tactical Systems division, and maintain long-standing relationships with key clients.
How much funding has Caliber Precision raised?
Caliber Precision has raised a total of $655K across 2 funding rounds:
Debt
$350K
Debt
$305K
Debt (2020): $350K with participation from PPP
Debt (2021): $305K led by PPP
Key Investors in Caliber Precision
PPP
Public-Private Partnership
PPP
Public-Private Partnership
Undisclosed Investors
What's next for Caliber Precision?
The substantial enterprise-level funding and recent strategic investment signal a period of accelerated growth and potential expansion for Caliber Precision. With a strong foundation in precision manufacturing, a robust compliance framework, and a history of supplier excellence, the company is well-positioned to leverage this capital. Future initiatives may focus on scaling production capabilities, exploring new market segments within aerospace and defense, or investing in advanced manufacturing technologies to further enhance its competitive edge. The company's sustained success and commitment to quality suggest a strategic focus on deepening existing partnerships and pursuing new opportunities that align with its core competencies.
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