ALBUQUERQUE, N.M., July 2, 2024
/PRNewswire/ -- X-Bow Systems Inc. (X-Bow) America's newest
provider of low-cost hypersonics and advanced manufactured solid
rocket motors (SRMs), today announced the strategic acquisition of
Spencer Composites Corporation. Spencer Composites is a renowned
manufacturer specializing in research and development of composite
and metallic structures.
This acquisition marks a significant vertical integration for
X-Bow, ensuring a seamless supply chain for critical components
within our commercial modular motor and hypersonic booster large
solid rocket motor programs. Dr. Brian
Spencer, a distinguished figure in composite technology,
will remain with X-Bow as an Operations Technical Principal and
Industry Subject Matter Expert.
"We have collaborated extensively with Spencer Composites over
the past several years on our SRM designs," said Jason Hundley, CEO at X-Bow. "Dr. Spencer's
technological contributions have been pivotal, enabling both teams
to achieve superior results. The synergy between X-Bow's
complementary product lines and Spencer's innovative structural
solutions presents a significant opportunity for cost
reduction."
"I am very proud of the company my wife, Linda Spencer, and I started 30 years ago," said
Dr. Brian Spencer of President/CEO
Spencer Composites. "Thirty years is
just the beginning! I see continued technological innovation in
collaboration with X-Bow Systems and expect the expertise from both
organizations will leverage to optimally achieve advanced composite
solutions for our collective customers."
The acquisition includes the transfer of several key patents and
over 50,000 square feet of advanced manufacturing and prototyping
space, equipped with comprehensive composite structure design and
development capabilities. This enhancement positions X-Bow to
further advance the development and production of cutting-edge
hypersonic and solid rocket technologies while further expanding
the SRM industrial base and diversifying sources of
supply.
ABOUT X-BOW SYSTEMS
X-Bow Systems is disrupting the aerospace and defense industry
with innovative and cost-effective advanced manufactured energetics
for the solid rocket motor and launch vehicle market. X-Bow is also
designing and building a suite of modular solid rocket motors and
small launch vehicles for both orbital and suborbital launch
services. X-Bow is led by CEO Jason Hundley,
Chairman Mark Kaufman, CTO Max Vozoff, CRO Maureen
Gannon, General Counsel John Leary and a growing team of
seasoned industry veterans and new space entrepreneurs. X-Bow is a
dual-use technology company with investment from Crosslink Capital,
Razor's Edge Ventures and Lockheed Martin Ventures. Headquartered
in Albuquerque, New Mexico, X-Bow
has additional presence in California, Alabama, Colorado, Texas, and Washington, DC.
Spencer Composites Corporation (SCC) was founded in 1994 in
Lincoln, Nebraska and is currently
located in Sacramento, California.
SCC's Sacramento facility has over
50,000 square feet of manufacturing space capable of fabricating
composite products up to twenty feet in diameter and over one
hundred feet long. SCC fabricates composite products using
thermoset and thermoplastic processes, has expertise in thick-wall
composite processing and has matured processes related to filament
winding, pultrusion, RTM, VARTM, press molding, autoclave curing
and hand lay-up. The composite factory is complemented by multiple
CNC machining centers and a fabrication shop that includes water
jet cutting, sheet metal forming, and welding for tooling and
fixture manufacture.
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SOURCE X-Bow Launch Systems Inc.