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MAG Aerospace is an American-owned military contractor based in Fairfax, Virginia, founded by Joe Fluet in 2009.[1] It specializes in intelligence, surveillance and reconnaissance services operations, training and technical services[2] and clocked 98,000 flight hours on five continents in 2017. It is active in Afghanistan. MAG Aerospace grew by 70% to 80% annually from 2015 to 2018 to more than $300 million in annual revenue. Having secured private equity backing in 2018 from New Mountain Capital, a New York-based firm with $20 billion in assets, MAG Aerospace acquired four companies over the two-year span of 2017 and 2018.[3][4]
In 2018, it acquired the southern Maryland defense contractor Ausley Associates, as well as Avenge Inc. and North American Surveillance Systems Inc.[5] MAG employs about 1,300 personnel and records over $400 million in annual sales.[6] That same year, former Army Chief of Staff General Peter Schoomaker joined MAG Aerospace's board of directors.[7]
^"Terms of Service Violation". bloomberg.com. Retrieved October 2, 2018. - "History & Growth - MAG Aerospace". magaero.com. Retrieved October 2, 2018.
^"MAG Aerospace Announces Leadership Changes in Corporate Development, Strategy, and Marketing" (Press release). PR Newswire. Retrieved October 2, 2018.
^Terry, Robert J. (September 18, 2018). "This Fairfax firm's tech is remaking reconnaissance. Just don't call it a drone company". Washington Business Journal. Retrieved December 16, 2023.
^Wilkers, Ross (June 14, 2018). "MAG Aerospace gets backing from PE firm New Mountain". Washington Technology. Retrieved December 16, 2023.
^Maake, Katishi (August 27, 2018). "MAG Aerospace acquires Navy defense contractor". Washington Business Journal. Retrieved December 16, 2023.
^"MAG Aerospace looks for adjacencies as it plots growth path". Inside Defense. September 24, 2018. Retrieved October 2, 2018.
^"Former Army Chief of Staff General Peter Schoomaker Joins MAG Aerospace Board of Directors" (Press release).
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