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BRS Aerospace company history timeline

1980

Ballistic Recovery Systems, Inc., was formed in 1980 by Boris Popov of Minnesota.

1983

The first of these came on August 7, 1983, when an ultralight flown by Colorado’s Jay Tipton was rescued by a BRS parachute.

1989

BRS founder Boris Popov stepped down from the CEO position in 1989, a classic case of the visionary entrepreneur making way for more professional management to take the company to the next level.

1993

In 1993, after several years of effort, the company won the first Federal Aviation Administration (FAA) approval to build whole-plane parachutes for a certified (factory-built) aircraft, the ubiquitous Cessna 150/152 series.

1994

In 1994, BRS entered what would be its most significant business relationship for some time to come.

1998

Davis, Riccardo A., “St Paul, Minn.–Based Company Makes Parachutes for Recreational Planes,” Knight-Ridder/Tribune Business News, March 11, 1998.

2000

Sales were up to $1.5 million by the fiscal year ended September 30, 2000, and were climbing rapidly on the success of Cirrus, which was quickly emerging as the largest producer of single-engine piston-powered aircraft in the United States.

2001

“Ballistic Recovery Systems Inc.—Refurbished and Renewed Cessna 150s with Parachute Systems—Coming to Flight Schools,” Market News Publishing, June 11, 2001.

2005

Cirrus Design raised its shareholding in BRS to 15.3 percent in February 2005.

2022

"Ballistic Recovery Systems, Inc. ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/ballistic-recovery-systems-inc

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Founded
1980
Company founded
Headquarters
Saint Paul, MN
Company headquarter
Founders
Boris Popov
Company founders
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BRS Aerospace competitors

Company nameFounded dateRevenueEmployee sizeJob openings
GE Aviation1917$10.2B48,0001
Pratt & Whitney1925$16.2B38,7379
Scaled Composites1982$25.0M2019
Williams International1954$500.0M1,003173
Cub Crafters1980$17.5M151-
Cirrus Aircraft1984$360.0M1,701191
Learjet1962$1.3B4,975-
Mooney International1929$64.7M400-
Dse, Inc.-$310,000365
Esterline1967$2.0B12,001-

BRS Aerospace history FAQs

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BRS Aerospace may also be known as or be related to BALLISTIC RECOVERY SYSTEMS INC, BRS Aerospace, Ballistic Recovery, Ballistic Recovery Systems Inc and Ballistic Recovery Systems, Inc.