Belgium-based TAC designs and produces rods and struts for helicopters, commercial planes, military aircraft and space programs and operates with about 170 employees, the companies said in a joint release published Tuesday.
TAC has partnerships with several aircraft makers, including Leonardo, Airbus and Pilatus.
“We are delighted to be partnering with TAC and its management team and look forward to drawing upon our industry and operational expertise, as well as our transatlantic presence to accelerate its growth. This investment further demonstrates our belief in the long-term recovery of the Aerospace sector,” said Ralf Ackermann, a partner at Searchlight.
The Space Development Agency has awarded $3.5 billion in other transaction authority agreements to Lockheed Martin, L3Harris Technologies, Northrop Grumman…
The Defense Health Agency has awarded TriWest Healthcare Alliance $6.8 billion to continue providing healthcare and administrative services in support…
