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PCX Aerostructures, LLC entered into a definitive agreement to acquire Timken Aerospace Drive Systems, LLC from The Timken Company. The deal is expected to close in Q4 2022.
Great Rock Capital closed a $23 million senior secured loan with PCX Aerostructures, a supplier of precision flight critical parts for military and commercial aerospace. The facility includes a $21 million term loan and a $2 million capex facility.
PCX Aerostructures received two IDIQ contracts from the U.S. Department of Defense totaling $136.2 million for production ($72.3M) and overhaul/repair ($63.9M) of Boeing AH-64 Apache helicopter main rotorheads over five years.