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?(image from Precise Flight website)Signia Aerospace, a subsidiary company of Arcline Investment Management, announced on Aug. 11 that it has acquired Precise Flight.
Precise Flight is a developer and manufacturer of aviation safety systems and equipment. It has created product lines such as the Pulselite® System and Speedbrakes. The company has worked with airlines, airframe OEMs, completion centers and MROs as its products can be installed on a wide range of aircraft. According to EINPresswire, its customers include Qantas, Alaska Airlines, Gulfstream, Bell Textron, Bombardier, Cirrus, Textron Aviation, Daher, Piper, Mooney, Robinson Helicopters and Airbus Helicopters.
"Precise Flight is a critical supplier of innovative products to aviation customers worldwide and leads with forward-thinking design and manufacturing," said Norman Jordan, CEO of Signia Aerospace. "Their reputation for quality, innovation, and reliability makes them a natural fit for our growing platform."
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Precise Flight will continue to be led by Bill Hoback from its headquarters in Bend, Oregon. It will now have to send reports to Signia Aerospace Group president Keith Bagley.
"Welcoming Precise Flight into the Signia Aerospace family strengthens our ability to serve the aviation industry with integrated and advanced technologies," said Bagley. "Precise Flight aligns perfectly with our mission and complements the capabilities of our existing brands."