Blackstone announced a $1 billion investment to launch Falcata, a new defense technology company. The company will bring TSC and Applied Systems Engineering, Inc. (ASEI) together on a single platform through their acquisition and combination. The move is a significant bet on the growing aerospace and defense industries.
Falcata aims to address a rapidly changing global threat environment, including the proliferation of inexpensive drones and missiles. Blackstone said recent conflicts underscore the need for effective, high-volume defensive systems and are increasing demand for critical interceptor technologies.