AIT Completes Purchase of Futuramic Tool & Engineering
The acquisition adds large-scale fabrication and 5-axis machining capacity to AIT’s aerospace automation platform to better serve space-launch and defense programs.
Overview
- AIT has finalized its acquisition of Futuramic and the deal covers Futuramic’s affiliates Sharp Tooling Solutions and Jordan Tool.
- Futuramic’s existing leadership team, led by John Couch, will remain in place to run day-to-day operations under AIT ownership.
- Company statements did not disclose the financial terms of the transaction or detailed integration plans.
- Futuramic brings more than 600,000 square feet of facilities and large-scale fabrication and 5-axis machining that serve programs such as Boeing’s Space Launch System and NASA’s Artemis.
- AIT said the move will let it deploy tooling and automation faster to customers, and the company’s ownership includes minority investors Onex Partners and the Qatar Investment Authority.