Aviation Safety Resources Announces Acquisition of Pioneer Aerospace The joint company, ASR-Pioneer, to be a significant player in the parachute industry
NICHOLASVILLE, KY – Aviation Safety Resources, Inc. (ASR), an innovative company that designs, tests, and produces aircraft emergency parachute recovery systems for the aviation and Advanced/Urban Air Mobility (A/UAM) markets, announced today that it has reached agreement with Safran Electronics and Defense to acquire Pioneer Aerospace Corporation (Pioneer), a leader in the parachute industry who designs and manufactures aerodynamic deceleration systems. The closing of the deal is anticipated in the next few days.
“The Pioneer acquisition is a strong strategic fit with ASR and a key step in ASR’s mission to grow as a global leader in the industry. Pioneer’s employees include some of the top talents in the industry and their history and reputation for quality and innovation make Pioneer a powerful addition to ASR,” commented Larry Williams, ASR’s president and CEO.
With locations in Milton, Florida; Columbia, Mississippi; and Bloomfield, Connecticut, Pioneer manufactures parachutes, payload delivery systems, and recovery systems that support specialized tactical, personnel, cargo, humanitarian, weapons, and space exploration programs.