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Ballistic Recovery Systems, Inc., was formed in 1980 by Boris Popov of Minnesota.
The first of these came on August 7, 1983, when an ultralight flown by Colorado’s Jay Tipton was rescued by a BRS parachute.
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.
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.
In 1994, BRS entered what would be its most significant business relationship for some time to come.
Davis, Riccardo A., “St Paul, Minn.–Based Company Makes Parachutes for Recreational Planes,” Knight-Ridder/Tribune Business News, March 11, 1998.
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.
“Ballistic Recovery Systems Inc.—Refurbished and Renewed Cessna 150s with Parachute Systems—Coming to Flight Schools,” Market News Publishing, June 11, 2001.
Cirrus Design raised its shareholding in BRS to 15.3 percent in February 2005.
"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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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| GE Aviation | 1917 | $10.2B | 48,000 | 1 |
| Pratt & Whitney | 1925 | $16.2B | 38,737 | 9 |
| Scaled Composites | 1982 | $25.0M | 201 | 9 |
| Williams International | 1954 | $500.0M | 1,003 | 173 |
| Cub Crafters | 1980 | $17.5M | 151 | - |
| Cirrus Aircraft | 1984 | $360.0M | 1,701 | 191 |
| Learjet | 1962 | $1.3B | 4,975 | - |
| Mooney International | 1929 | $64.7M | 400 | - |
| Dse, Inc. | - | $310,000 | 3 | 65 |
| Esterline | 1967 | $2.0B | 12,001 | - |
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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.