SpaceX Parts Supplier Dynamic Aviation Structure Archives for Bankruptcy, Bid Deadline – Lockheed Martin (NYSE:LMT), Boeing (NYSE:BA)

Dynamic aviation structureIt is for American fighter jets and SpaceX The Rockets have filed for bankruptcy.

what happened: According to Bloomberg, the Valencia, California-based company plans to auction itself in a court overseen sale.

Dynamic is owned by a private equity firm Work hard on capital. Dynamic’s operating unit, Forrest Mathering, LLC (also known as FMI Aviation Structure), was purchased by Endeavor Capital in 2021.

The company blames quality control issues, contracts and inflation-driven inventory costs.

CEO Eric Ellis Sticking with the fact that this is still “as usual business” when looking for buyers, with the April 7 bid deadline for potential suitors.

See also: EV startup CANOO file bankruptcy after NASA, USPS, Walmart partnership

Why it matters: The company’s debt is $55 million. In addition to SpaceX, the company is blue,,,,, Boeing BA,,,,, Lockheed Martin LMTand Northrop Grumman Corp nocincluding making parts for the B-2 Spirit Stealth Bomber.

The company’s situation also illustrates the challenging track record of private equity and venture capital-backed companies. In 2024, PE-backed companies accounted for nearly 16% of the 694 U.S. bankruptcy filings, and cited S&P capital data.

This is the highest annual statistics since 2010.

Read now:

Photo: Shutterstock