Mach Industries just spent $50M to solve a major defense tech problem

Mach Industries just spent $50M to solve a major defense tech problem

Mach says the acquisition meaningfully improves unit economics across its five vehicle programs at exactly the moment the company is starting to scale.

Defense Company Mach Industries Buys Exquadrum - Orange County Business Journal

Defense company Mach Industries said today it had purchased aerospace and defense company Exquadrum of Victorville. The Wall Street Journal reported that the purchase price is $50 million. “Bringing Exquadrum’s propulsion expertise into Mach gives us direct control over one of the most critical elements of unmanned systems performance,” said Ethan Thornton, CEO and Founder of Mach Industries. “This is a key milestone in Mach’s journey, one that …