Crestview Aerospace Company Profile

Background

Overview

Crestview Aerospace is a privately owned, vertically integrated manufacturer specializing in complex assembly and fabrication for the aerospace industry. With over 50 years of experience, the company supports both defense and commercial sectors, delivering high-quality products and services.

Mission and Vision

Crestview Aerospace is committed to customer satisfaction, quality excellence, and continual improvement. The company aims to be the "go-to" supplier of choice by providing innovative solutions and maintaining a focus on operational and technical expertise across the value chain.

Primary Area of Focus

The company specializes in integrated fabrication, processing, tooling, assembly, and ballistic foam services. Crestview Aerospace supports major Original Equipment Manufacturers (OEMs) and key defense programs, including Northrop Grumman, Boeing, Bell, and programs like E-2D Advanced Hawkeye, CH-47 Chinook, V-22 Osprey, A-10 Thunderbolt II, and AH-64 Apache.

Industry Significance

Crestview Aerospace's extensive experience and capabilities position it as a significant player in the aerospace manufacturing sector, particularly in complex assemblies and defense-related projects. The company's commitment to quality and customer satisfaction has earned it a strong reputation among OEMs and defense contractors.

Key Strategic Focus

Core Objectives

Customer Satisfaction: Ensuring high-quality products and services that meet or exceed customer expectations.

Quality Excellence: Maintaining rigorous quality control standards across all operations.

Continual Improvement: Fostering a culture of continuous improvement in processes and products.

Specific Areas of Specialization

Complex Assembly and Fabrication: Providing turnkey solutions for complex aerospace components.

Integrated Services: Offering a range of services from fabrication to assembly, including specialized processes like ballistic foam application.

Key Technologies Utilized

Advanced Manufacturing Techniques: Utilizing state-of-the-art equipment and processes to ensure precision and quality.

Quality Management Systems: Implementing systems that adhere to industry standards and certifications.

Primary Markets Targeted

Defense Sector: Supplying components for military aircraft and defense programs.

Commercial Aerospace: Providing parts and assemblies for commercial aircraft manufacturers.

Financials and Funding

Funding History

Crestview Aerospace is a privately held company and does not publicly disclose detailed financial information. In September 2021, the company expanded its capabilities by acquiring Kemco Aerospace Manufacturing, a machine component manufacturer supporting aerospace and defense companies.

Total Funds Raised

Specific details regarding the total funds raised by Crestview Aerospace are not publicly available.

Notable Investors

As a privately held entity, Crestview Aerospace's investor information is not publicly disclosed.

Intended Utilization of Capital

The acquisition of Kemco Aerospace Manufacturing was aimed at enhancing Crestview Aerospace's manufacturing capabilities and expanding its product offerings in the aerospace sector.

Pipeline Development

Key Pipeline Candidates

Crestview Aerospace's pipeline includes complex assemblies and components for various defense and commercial aerospace programs. The company is involved in supporting key programs such as the E-2D Advanced Hawkeye, CH-47 Chinook, V-22 Osprey, A-10 Thunderbolt II, and AH-64 Apache.

Stages of Development

The company is engaged in ongoing manufacturing and assembly processes for these programs, with a focus on delivering high-quality components and assemblies.

Target Conditions

Crestview Aerospace targets complex aerospace components and assemblies, particularly those required for defense applications.

Relevant Timelines for Anticipated Milestones

Specific timelines for milestones are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

Crestview Aerospace employs advanced manufacturing techniques and quality management systems to ensure precision and quality in its products. The company is approved across a full spectrum of fabrication, assembly, welding, and bonding operations, as well as heat and chemical processing treatments with its OEM partners.

Significant Scientific Methods

Non-Destructive Testing (NDT): Crestview Aerospace holds Nadcap accreditation for NDT, demonstrating conformance and recognition of accreditation for specific services.

Continuous Improvement (CI): The company has nine trained and/or certified green belt level employees, indicating a strong focus on continuous improvement methodologies.

Leadership Team

Key Executive Profiles

Claude W. Woody Tignor: General Manager.

Dave Madsen: Lead in the Foam Shop, recognized for 15 years of service as of October 2021.

Leadership Changes

Specific details regarding recent significant changes or appointments within the company's leadership are not publicly available.

Competitor Profile

Market Insights and Dynamics

The aerospace manufacturing industry is characterized by a focus on quality, precision, and timely delivery. Companies like Crestview Aerospace compete by offering integrated solutions and maintaining strong relationships with OEMs and defense contractors.

Competitor Analysis

Barnes Aerospace: A public company with 1,000 to 5,000 employees and revenue of $354.3 million.

UTC Aerospace Systems: A public company with 10,000 to 50,000 employees and revenue of $1 billion.

Transaero, Inc.: A private company with 250 to 500 employees and revenue of $22.6 million.

XTRA Aerospace Inc.: A private company with 25 to 100 employees and revenue of $8 million.

Strategic Collaborations and Partnerships

Crestview Aerospace has established partnerships with various OEMs, including Northrop Grumman, Bell, and Boeing. The company has also been recognized with awards such as the 2019 Team Osprey Distinguished Supplier award for its partnership on the Bell V-22 Nacelle Improvement Program.

Operational Insights

Crestview Aerospace's vertically integrated model allows it to offer comprehensive solutions, from fabrication to assembly, providing a competitive edge in delivering turnkey products.

Strategic Opportunities and Future Directions

Strategic Roadmap

Crestview Aerospace continues to focus on expanding its capabilities and maintaining high standards of quality and customer satisfaction. The acquisition of Kemco Aerospace Manufacturing in 2021 is a strategic move to enhance manufacturing capabilities and product offerings.

Future Business Directions

The company aims to leverage its expanded capabilities to support a broader range of aerospace programs and strengthen its position in both defense and commercial sectors.

Opportunities for Expansion

Crestview Aerospace is well-positioned to explore new markets and opportunities, particularly in defense-related projects, by leveraging its integrated manufacturing capabilities and established relationships with OEMs.

Current Strengths

The company's nearly 300 employees, with an average tenure of 13 years, and its commitment to quality and customer satisfaction provide a strong foundation for future growth and expansion.