What is TEK Precision?
Established in 1968, TEK Precision Co Ltd began as a precision grinding company. Over the decades, it strategically expanded its capabilities and quality management systems to serve the northeast regional OEM Aerospace market. By the early 1980s, TEK had become a key hydraulic assembly supplier for Grumman Aerospace, producing complex assemblies for critical weapons systems like the F-14, A6, and E2-C. Further diversification occurred in 1982 with entry into the rotorcraft market, manufacturing hydraulic valves and small assemblies for Sikorsky Aircraft. The company's focus shifted in the mid-1990s to the production and aftermarket manufacturing of flight control and transmission components for rotorcraft. Today, TEK Precision stands as a premier, build-to-order product supplier for major industry players including Sikorsky Aircraft, the US Army, HSI, Northrop Grumman, and Vought Aircraft.
How much funding has TEK Precision raised?
TEK Precision has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in TEK Precision
PPP
Public-Private Partnership
What's next for TEK Precision?
With its recent large-scale, late-stage funding, TEK Precision is poised for continued growth and strategic expansion. The substantial capital infusion, characterized as a major strategic investment, suggests a focus on enhancing production capacity, advancing technological capabilities, or potentially pursuing new market opportunities within the aerospace and defense supply chain. This investment will likely enable TEK Precision to further solidify its role as a world-class supplier of critical components, particularly for rotorcraft platforms, and to deepen its relationships with key clients such as Sikorsky Aircraft and the US Army.
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