Albion River Launches Ignium, a Leading Merchant Provider Across the Global Defense Weapons Ecosystem
VSE Corporation (VSEC)
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ir.vsecorp.com
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Source: Business Wire
Raises $300 million to accelerate organic growth and strategic opportunitiesIgnium launches with a portfolio of established, market-leading defense businesses and a distinguished Board of DirectorsPlatform formed to support mission-critical subsystems across the full weapons-system lifecycle WASHINGTON--(BUSINESS WIRE)--Albion River, LLC (“Albion River”) today announced the launch of Ignium, a purpose-built merchant provider of components and solutions to the U.S. and allied defense industrial base. Ignium brings together a portfolio of established, market-leading businesses that provide mission-critical subsystems embedded across current and next-generation weapons systems – independent of any single prime contractor or platform outcome.Ignium unites a portfolio of market-leading companies including: FAAC, Inter-Coastal Electronics, Battlespace Simulations, Epsilor, Maytag Aircraft and Wescom Group. Each company has long operating histories, proprietary intellectual property, and
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