AK&M 29 October 2024 14:20
Special Aerospace Services (SAS), one of the largest space and defense engineering companies, has completed the acquisition of missile and hypersonic weapons developer Concordia Technologies, with the support of Godspeed Capital Management LP. This was reported in a SAS press release.
The transaction is consistent with SAS’s strategy to advance aerospace initiatives to support national security missions and strengthen its position in the development of advanced defense technologies.
Concordia Technologies develops programs to produce missile and hypersonic weapons systems for the US Department of Defense and other key government agencies, including the Missile Defense Agency.
From SAS’s perspective, leveraging Concordia Technologies’ hypersonics and missile defense expertise is consistent with the company’s strategy to develop critical technologies and strengthen national security space capabilities, including missile and hypersonic weapons systems solutions.
Latham & Wakins advised Godspeed Capital and SAS, and Generational Equity advised Concordia Technologies.
SAS is an American developer of missile defense systems, hypersonic weapons, and critical communications technologies for NASA, the US Department of Defense and related agencies. Headquartered in Huntsville, Alabama, with offices in Colorado and California.
Concordia Technologies is a company developing technologies and solutions in the field of hypersonic weapons and missile defense systems. The company provides innovative solutions for national defense and aerospace missions. Headquarters are located in Huntsville, Alabama.
Godspeed Capital is a private equity firm focused on defense and advanced technology. In April 2024, the company entered into a partnership agreement with SAS to create a platform for the development of space engineering, defense and communications technologies under the SAS brand. The headquarters is located in Washington, DC.
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