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Aerostar International history
Aerostar International company history timeline
Aerostar International was established in 1986 as a wholly-owned subsidiary of Raven Industries, carrying on everything which Raven was at its inception, and the technologies and expertise of Raven’s scientific ballooning history were transferred to Aerostar.
Raven solidified its place in that sector in 1987, when it acquired Astoria Fibra-Steel, a utility truck body business.
In fact, the company was named one of America's fastest-growing companies by Financial World in 1991.
But despite the fact that 30 percent of its total sales in fiscal year 1991 were connected to defense contracts, Raven remained optimistic.
Aerostar Aircraft Corporation was formed in 1991 by its principals, Steve Speer and Jim Christy.
Sales rose to $149.6 million in fiscal 1998, and again to $152.8 million the following year.
Although Glasstite had returned to profitability in 1998 after two years of losses, analysts had long accused Raven of overextending itself in the automotive sector.
In 1999, the company received a contract from NASA to produce a unique high-atmosphere balloon. 'I'm confident you'll see this company back on a growth track,' Christensen told the Associated Press.
1999: Company sells Glasstite.
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Aerostar International competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| ExOne | 2005 | $59.3M | 257 | - |
| Nott | - | $690,000 | 7 | - |
| ALS, LLC | 1998 | $989.1M | 5,000 | 107 |
| Alpha Enterprises Inc | - | - | - | - |
| Gates | 1911 | $3.4B | 13,433 | 69 |
| PDQ Manufacturing Co. | 1962 | $284.9K | 5 | - |
| Mfp Automation Engineering | - | $2.0M | 20 | - |
| Popstars @ Ultrasuede | 2018 | $2.2M | 10 | 32 |
| Loranger | - | $11.5M | 50 | - |
| Hbd/thermoid, Inc. | - | $183.0M | 45 | 3 |
Aerostar International history FAQs
Zippia gives an in-depth look into the details of Aerostar International, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Aerostar International. The employee data is based on information from people who have self-reported their past or current employments at Aerostar International. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Aerostar International. The data presented on this page does not represent the view of Aerostar International and its employees or that of Zippia.
Aerostar International may also be known as or be related to Aerostar International and Aerostar International, Inc.