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'''MAG Aerospace''' is an American-owned military contractor based in [[Fairfax, Virginia]], founded by Joe Fluet in 2009.<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=231667212|title=Terms of Service Violation|website=www.bloomberg.com|accessdate=2 October 2018}}<br>- {{cite web|url=https://magaero.com/history-and-growth/|title=History & Growth - MAG Aerospace|website=magaero.com|accessdate=2 October 2018}}</ref> It specializes in [[Intelligence, surveillance, target acquisition, and reconnaissance|intelligence, surveillance and reconnaissance services]] operations, training and technical services<ref>{{cite web|url=https://www.prnewswire.com/news-releases/mag-aerospace-announces-leadership-changes-in-corporate-development-strategy-and-marketing-300679446.html|title=MAG Aerospace Announces Leadership Changes in Corporate Development, Strategy, and Marketing|first= |last= |website=PR Newswire|accessdate=2 October 2018}}</ref> and clocked 98,000 flight hours five continents in 2017. It is active in [[Afghanistan]]. MAG Aerospace grew by 70% to 80% annually from 2015 to 2018 to more than $300 million in annual revenue. Having secured private equity backing in 2018 from [[New Mountain Capital]], a New York-based firm with $20 billion in assets, MAG Aerospace acquired four companies over the two-year span of 2017 and 2018.<ref>https://www.bizjournals.com/washington/news/2018/09/18/this-fairfax-firms-tech-is-remaking-reconnaissance.html<br>- https://washingtontechnology.com/articles/2018/06/14/mag-new-mountain-invest.aspx</ref> |
'''MAG Aerospace''' is an American-owned military contractor based in [[Fairfax, Virginia]], founded by Joe Fluet in 2009.<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=231667212|title=Terms of Service Violation|website=www.bloomberg.com|accessdate=2 October 2018}}<br>- {{cite web|url=https://magaero.com/history-and-growth/|title=History & Growth - MAG Aerospace|website=magaero.com|accessdate=2 October 2018}}</ref> It specializes in [[Intelligence, surveillance, target acquisition, and reconnaissance|intelligence, surveillance and reconnaissance services]] operations, training and technical services<ref>{{cite web|url=https://www.prnewswire.com/news-releases/mag-aerospace-announces-leadership-changes-in-corporate-development-strategy-and-marketing-300679446.html|title=MAG Aerospace Announces Leadership Changes in Corporate Development, Strategy, and Marketing|first= |last= |website=PR Newswire|accessdate=2 October 2018}}</ref> and clocked 98,000 flight hours on five continents in 2017. It is active in [[Afghanistan]]. MAG Aerospace grew by 70% to 80% annually from 2015 to 2018 to more than $300 million in annual revenue. Having secured private equity backing in 2018 from [[New Mountain Capital]], a New York-based firm with $20 billion in assets, MAG Aerospace acquired four companies over the two-year span of 2017 and 2018.<ref>https://www.bizjournals.com/washington/news/2018/09/18/this-fairfax-firms-tech-is-remaking-reconnaissance.html<br>- https://washingtontechnology.com/articles/2018/06/14/mag-new-mountain-invest.aspx</ref> |
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In 2018, it acquired the southern Maryland defense contractor Ausley Associates, as well as Avenge Inc. and North American Surveillance Systems Inc.<ref>https://www.bizjournals.com/washington/news/2018/08/27/mag-aerospace-acquires-navy-defense-contractor.html</ref> MAG employs about 1,300 personnel and records over $400 million in annual sales.<ref>{{cite web|url=https://insidedefense.com/daily-news/mag-aerospace-looks-adjacencies-it-plots-growth-path|title=MAG Aerospace looks for adjacencies as it plots growth path|date=24 September 2018|publisher= |website=Inside Defense|accessdate=2 October 2018}}</ref> That same year, former Army Chief of Staff General [[Peter Schoomaker]] joined MAG Aerospace's board of directors.<ref>https://www.prnewswire.com/news-releases/former-army-chief-of-staff-general-peter-schoomaker-joins-mag-aerospace-board-of-directors-300727739.html</ref> |
In 2018, it acquired the southern Maryland defense contractor Ausley Associates, as well as Avenge Inc. and North American Surveillance Systems Inc.<ref>https://www.bizjournals.com/washington/news/2018/08/27/mag-aerospace-acquires-navy-defense-contractor.html</ref> MAG employs about 1,300 personnel and records over $400 million in annual sales.<ref>{{cite web|url=https://insidedefense.com/daily-news/mag-aerospace-looks-adjacencies-it-plots-growth-path|title=MAG Aerospace looks for adjacencies as it plots growth path|date=24 September 2018|publisher= |website=Inside Defense|accessdate=2 October 2018}}</ref> That same year, former Army Chief of Staff General [[Peter Schoomaker]] joined MAG Aerospace's board of directors.<ref>https://www.prnewswire.com/news-releases/former-army-chief-of-staff-general-peter-schoomaker-joins-mag-aerospace-board-of-directors-300727739.html</ref> |
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Revision as of 01:00, 5 February 2019
 | The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. (September 2018) |
 | This article needs additional citations for verification. (September 2018) |
MAG Aerospace is an American-owned military contractor based in Fairfax, Virginia, founded by Joe Fluet in 2009.[1] It specializes in intelligence, surveillance and reconnaissance services operations, training and technical services[2] and clocked 98,000 flight hours on five continents in 2017. It is active in Afghanistan. MAG Aerospace grew by 70% to 80% annually from 2015 to 2018 to more than $300 million in annual revenue. Having secured private equity backing in 2018 from New Mountain Capital, a New York-based firm with $20 billion in assets, MAG Aerospace acquired four companies over the two-year span of 2017 and 2018.[3]
In 2018, it acquired the southern Maryland defense contractor Ausley Associates, as well as Avenge Inc. and North American Surveillance Systems Inc.[4] MAG employs about 1,300 personnel and records over $400 million in annual sales.[5] That same year, former Army Chief of Staff General Peter Schoomaker joined MAG Aerospace's board of directors.[6]
History
In 2017, MAG Aerospace had the #779 spot on the Inc. 5000.[7]
In 2018, a civilian contractor was fired from MAG Aerospace for displaying a white supremacist "Kekistan" flag patch on his helmet.[8]
See also
References
- ^ "Terms of Service Violation". www.bloomberg.com. Retrieved 2 October 2018.
- "History & Growth - MAG Aerospace". magaero.com. Retrieved 2 October 2018. - ^ "MAG Aerospace Announces Leadership Changes in Corporate Development, Strategy, and Marketing". PR Newswire. Retrieved 2 October 2018.
- ^ https://www.bizjournals.com/washington/news/2018/09/18/this-fairfax-firms-tech-is-remaking-reconnaissance.html
- https://washingtontechnology.com/articles/2018/06/14/mag-new-mountain-invest.aspx - ^ https://www.bizjournals.com/washington/news/2018/08/27/mag-aerospace-acquires-navy-defense-contractor.html
- ^ "MAG Aerospace looks for adjacencies as it plots growth path". Inside Defense. 24 September 2018. Retrieved 2 October 2018.
- ^ https://www.prnewswire.com/news-releases/former-army-chief-of-staff-general-peter-schoomaker-joins-mag-aerospace-board-of-directors-300727739.html
- ^ https://www.inc.com/profile/mag-aerospace
- ^ Mathias, Christopher (25 September 2018). "U.S. Military Contractor In Afghanistan Fired For Wearing Neo-Nazi Flag". HuffPost. Retrieved 2 October 2018 – via Huff Post.