PCX Aerostructures, LLC Awarded U.S. Department of Defense Contracts Valued at $136.2M
PCX Aerostructures received US DoD 5-years contract valued at $136.2M for production, overhaul and repair of Boeing AH-64 Apache helicopter components
PCX Aerostructures, October 04, 2017 - NEWINGTON, Conn - PCX Aerostructures, LLC recently received two indefinite-delivery/indefinite-quantity (IDIQ) contract awards from the Department of Defense for production as well as overhaul and repair of Boeing AH-64 Apache helicopter components over a five-year period.
As a major supporter of the Apache helicopter program for over thirty years, PCX will manufacture new main rotorheads for the U.S. Army on a contract with a total value of $72.3M.
The longtime aerospace manufacturing company, known globally for its advanced precision machining and complex assembly capabilities, has also secured a U.S. Army contract for Apache main rotorhead overhaul and repair services valued at $63.9M. As the company's third consecutive main rotorhead O&R contract award, PCX Aerostructures has achieved ongoing success with its continued support of the AH-64 military aerospace platform.
Jeff Frisby, President and CEO of PCX stated, "We are excited about these awards and are pleased to be able to continue our legacy of providing material support to the Apache helicopter program. That we were awarded both the production and the overhaul and repair contracts is testament to our ability to be a total solution provider to our customers."
PCX Aerostructures is a leading supplier of highly engineered, precision, flight critical and structural assemblies for rotorcraft and fixed wing aerospace platforms. The company serves defense and commercial markets as well as the power generation industry. PCX focuses on producing complex parts machined from hard alloys such as titanium, Inconel and steel - where tight tolerances and quality are imperative. The company is also a premier producer of large structural airframe assemblies, providing direct delivery of components and large assemblies to customers such as Airbus, Boeing, General Electric Aircraft Engines, Bell Helicopter, Sikorsky and Triumph Aerostructures. PCX Aerostructures is owned by RFE Investment Partners, 24/6 Capital Partners, and PCX management.
RFE Investment Partners, based in New Canaan, CT, is a private equity investor with over 35 years of lower middle market buyout experience investing in growth companies in partnership with entrepreneurial management teams.
PCX has manufacturing facilities in Newington, CT, Mansfield, TX, and Ronkonkoma, NY.
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Boeing AH-64E Apache