Last Innoflight investor, Jordan Company’s capital commitments amount to $ 14 billion
Inflight is now backed by a company with initial capital commitments of over $ 14 billion andâ¦
Innoflight announced that a US-based private equity firm, The Jordan Company (TJC), has invested in Innoflight, as the majority shareholder. Innoflight is now backed by a company with initial capital commitments of over $ 14 billion and a 39-year history of investing and contributing to the growth of numerous companies across a wide range of industries.
“We are delighted to partner with TJC, a renowned and respected private equity group,” said Jeff Janicik, President and CEO of Innoflight. âWe share a common vision focused on technological innovation and growth to support the national security space and commercial markets. With the support of TJC, we will continue to serve our more than 60 premier space customers by investing in research and development and providing high performance, quality, timely and cost effective solutions. This vision is what we like to call Innoflight 2.0.
“We are delighted to partner with the Innoflight team,” said Erik Fagan, TJC partner. âInnoflight has a strong culture of innovation demonstrated by its product offering at the cutting edge of technology. Innoflight’s product roadmap includes technologies well aligned with the direction of the national security space. TJC sees several elements in Innoflight that set it apart against its competitors, including unique and diverse technologies combined with unmatched agility. TJC looks forward to supporting the continued growth of the business by leveraging TJC’s resources and support services.
Over the past 15+ years, Innoflight has grown into a leading supplier of software-defined compact / ground radios, cryptographic and cyber-secure systems, and avionics for data processing, networking and storage, and is considering a bright future with TJC.