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Rare-earth magnets are used in a variety of military systems, including Lockheed Martin’s F-35 Lightning II aircraft.
Credit: APFootage / Alamy Stock Photo
Private equity firm Ara Partners has secured $335 million for a first-of-its-kind permanent U.S. magnet manufacturing facility that will serve the aerospace and defense industry as well as the electric vehicle market. The facility is located in Sumter, South Carolina, and operated by Ara’s portfolio...
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Ara Partners Secures $335 Million For Strategic Magnet Facility is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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