PCX Aerosystems (“PCX”), a market-leading producer of advanced mechanical systems for the aerospace industry, announced the September 2, 2022 acquisition of NuSpace, Inc. (“NuSpace”) from Cornerstone Capital Holdings and members of the NuSpace leadership team. With engineering and manufacturing roots going back to 1907, NuSpace has evolved from a diversified mechanical systems manufacturer into a leading-edge designer and manufacturer of proprietary propellant and high-pressure tanks for advanced satellite, launch vehicle spacecraft, and missile platforms.

“NuSpace brings a unique capability to design and produce mission critical complex assemblies for the rapidly growing space marketplace which is a fantastic addition to the growing portfolio of flight-critical components and assemblies we supply to the defense aerospace market,” said PCX CEO, Tom Holzthum.

Ian Ballinger, CEO and Chief Technology Officer of NuSpace, said, “Joining the PCX team is a natural next step for NuSpace, bringing the stability and support of being part of a broader portfolio while maintaining the freedom to pursue continued growth with our customers.”