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...
Subscription Required
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.
Already a member of AWIN or subscribe to Aerospace Daily & Defense Report through your company? Login with your existing email and password.
Not a member? Learn how you can access the market intelligence and data you need to stay abreast of what's happening in the aerospace and defense community.
Related Content
