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Tag: Elevian

Allston Massachusetts based Elevian is raising $42,719,318.00 in New Equity Investment.

September 16, 2021 Craig Etkin

Allston, MA – According to filings with the U.S. Securities and Exchange Commission, Elevian is raising $42,719,318.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Mark Allen played a key…

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Global aerospace and defense company Stark Aerospace is expanding in Columbus Mississippi to support a new contract with the U.S. Navy. The project will create at least 96 new jobs. Stark Aerospace recently was awarded a $61.4 million contract by the U.S. Navy for missile canister production in support of the Mark 41 Vertical Launching System, an on-board missile canister launching system. The contract includes additional options that, if exercised, can increase the cumulative value of the contract to $312.8 million.

Stark Aerospace President and CEO David Alabed said in a statement that his company is honored and excited to have been selected for this important project. “This contract not only reflects our team’s hard work and dedication but also underscores our capability to deliver high-quality products that meet the rigorous standards of our U.S. Military and the Warfighters,” Alabed said. “We look forward to working closely with the U.S. Navy and contributing to the success of this vital initiative.” To fulfill the contract, Stark Aerospace is investing over $21 million to expand their operations in Mississippi while creating at least 96 new jobs. Construction is slated to be complete within the next year with new jobs being filled immediately.

According to the company website, Stark Aerospace is a Columbus Mississippi based aerospace and defense firm. They are a world leader in the design and manufacture of technologically sophisticated defense systems. From its 136,000 square foot facility near the Columbus-GTR airport, Stark Aerospace current work includes missile systems, loitering munitions, and electronics & avionics assembly and repair. Stark Aerospace has become synonymous with technological advancement and operational superiority. The company's dedication to quality permeates every aspect of their operations, ensuring that each product bearing the Stark Aerospace name upholds the highest standards of performance and durability.

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