What is Folsom Tool?
Established in 1960 and headquartered in Aston, Pennsylvania, Folsom Tool Corporation operates as a sophisticated machine shop specializing in complex machining, welding, and assembly services. The company maintains rigorous quality standards essential for aerospace applications, serving as a trusted partner for industry titans such as Boeing, Eaton Aerospace, and Bell. Their service model integrates in-house engineering with advanced manufacturing techniques, allowing them to meet the exacting specifications required for US military projects and high-stakes aerospace components.
How much funding has Folsom Tool raised?
Folsom Tool has raised a total of $1.1M across 2 funding rounds:
Debt
$350K
Debt
$704K
Debt (2020): $350K with participation from PPP
Debt (2021): $704K led by PPP
Key Investors in Folsom Tool
PPP
Public-Private Partnership
What's next for Folsom Tool?
With the recent influx of capital, Folsom Tool is positioned to enhance its production infrastructure and engineering capacity. The strategic focus will likely center on upgrading precision machining technology to meet the evolving demands of the aerospace supply chain. As the company navigates this growth phase, the emphasis remains on maintaining the operational excellence that has defined its reputation for over six decades, ensuring it remains a preferred vendor for mission-critical aerospace assemblies.
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