The Loar Group Acquires Safe Flight Instrument Corp.
Jan 20, 2021
Loar Group, Inc. (Loar) 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, the company says. 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 eighty-five percent of Loar’s sales coming from innovative and proprietary products we are uniquely positioned to solve problems for our customers,” continued 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. RELATED ARTICLES - MORE COMM