News ItemSolAero to Acquire Alliance Spacesystems
May 4, 2015 –Located in the SS&TP, SolAero, one of the world’s leading providers of space solar power solutions, recently announced that it has signed a definitive agreement to acquire Alliance Spacesystems, LLC (Alliance), a leading provider of high-performance composite structures for spacecraft applications. The combination of SolAero and Alliance creates a vertically-integrated satellite subsystem provider capable of offering its satellite OEM customers improved value across a spectrum of missioncritical products and technical solutions. The combined company will expand SolAero’s employee base from 280 to 400. Alliance and its employees will remain at their current location in California where the company will continue operating as a subsidiary of SolAero with revenue of over $100 million from commercial and government customers worldwide.