Defense and Aerospace Firm to Use Funding for Team Expansion, New Manufacturing, and Satellite Launch Services
Cape Canaveral, FL, Jan. 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Award-winning Craig Technologies, a nationally-recognized aerospace and defense contractor, announces a major investment from Decathlon Capital Partners. The seven-figure funding package will support team expansion as well as new manufacturing and satellite launch services and support.
Craig Technologies is an Engineering, Technology and Manufacturing company that supports both government and commercial customers nationwide with employees in over 20 states. Craig offers a wide scope of award-winning engineering, technical and manufacturing solutions include Software Design/Development, Systems Engineering, Multidisciplinary Engineering, Training and Courseware Development, Modeling & Simulation, IT Support, Integrated Logistics Support, Wire/Fiber Cable Harness and Electronics Assembly, and Precision Manufacturing. The company’s customers include the U.S. military and Department of Defense, as well as NASA, other government agencies and a host of commercial firms.
“When it comes to fulfilling our customers’ needs, we’re all about the mission,” said founder and CEO Carol Craig. “Our manufacturing subsidiary, Craig Technologies Aerospace Solutions, offers unique end-to-end design-to-production capability. To achieve our own mission goals of providing turnkey services to manage and perform the work for the successful integration and on-orbit operations of commercial payloads, we need to grow the team and our manufacturing capacity to meet demand. With Decathlon’s faith in our vision, we’ll be able to say, ‘mission accomplished.’” “Craig Technologies has a compelling blueprint for success,” said Decathlon’s John Borchers. “This is clearly a case of a growth-stage company primed and ready to take the next leap. We’re pleased to be a part of their journey.”
About Craig Technologies Craig Technologies supports projects from concept to real-world application with end-users in mind. Founded in 1999 by CEO Carol Craig, Craig Technologies (and subsidiaries) is a U.S.-Owned, Hispanic Minority-Owned, Veteran-Owned (VO), Service-Disabled Veteran-Owned (SDVO), Economically-Disadvantaged Woman-Owned Small Business (EDWOSB), and Woman Owned Small Business (WOSB) that is ISO 9001/AS9100 Certified and ITAR compliant. Growing Craig Technologies from one person in 1999, Craig leads nationwide operations with associates in approximately 20 different states with Headquarters in Merritt Island, Florida and regional business offices in Texas, California and Washington, D.C.
Learn more at www.craigtechinc.com .
About Decathlon Capital Partners Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at www.decathloncapital.com .
Media Contact: Carol Craig carol.craig@craigtechinc.com (321) 613-5620
