The Loar Group, Inc. Announces the Acquisition of Safe Flight Instrument Corporation
Loar Group, Inc. (Loar) announced today that it has recently added Safe Flight Instrument Corporation (Safe Flight) to its family of companies.
Headquartered in White Plains, New York (USA), Safe Flight is a leading designer and manufacturer of proprietary aerospace electronic products and systems with its products installed on nearly two-thirds of the world’s aircraft. In addition, all Safe Flight’s products are proprietary whereby they own all key intellectual property rights. Their products include flight instrumentation, guidance and controls and they are the world’s premier manufacturer of aircraft lift instrumentation. Safe Flight’s customers include leading aircraft OEMs across all market segments with approximately seventy-five percent of Safe Flight’s products sold to the general or business aviation end markets, with the balance primarily sold to the commercial aerospace end market.
“The acquisition of Safe Flight adds a strong management team, along with expanded engineering, design, manufacturing, repair and overhaul talent to Loar allowing us to address additional unique and niche manufacturing and technological challenges faced by our customers” stated Dirkson Charles, CEO of Loar Group. “By adding Safe Flight to Loar’s suite of product offerings we have added product lines that include stall warning and protection, automatic throttle systems, fuselage airflow angle sensors, control shakers and icing condition detectors just to name a few of the specialized capabilities we have added to our family of companies. With over 85 percent of Loar’s sales coming from innovative and proprietary products we are uniquely positioned to solve problems for our customers” continued Mr. Charles. Loar Group’s acquisition of Safe Flight creates a partnership that allows Safe Flight to continue serving its existing customers while providing additional growth capital and human resources to meet expanded future customer needs.
Loar Group, Inc. is a diversified manufacturer and supplier with established relationships across leading aerospace and defense OEMs and Tier Ones worldwide. The Company’s mandate is to create a strategic global alliance of companies specializing in the design and manufacture of aerospace and defense components. Loar provides its partners and customers with innovative, cost-effective engineering and manufacturing capabilities and responsive, dependable service, leading to profitable and sustainable long-term relationships.
For more information, please contact Mr. Dirkson Charles at firstname.lastname@example.org.