Mach Industries Acquires Exquadrum for $50 Million to Strengthen Defense Tech Supply Chain
Mach Industries acquired solid rocket motor startup Exquadrum (now Mach Energetics) in a $50 million cash-and-equity deal, aiming to vertically integrate its supply chain and address critical shortages in defense components. The acquisition gives Mach direct control over an essential part of unmanned systems amid growing demand from modern drone warfare.
Topics: acquisition defense solid rocket motors startup growth