History
MAG Aerospace was founded in 2009 by Joe Fluet and Joe Paull. [5]
MAG Aerospace grew by 70% to 80% annually from 2015 to 2018 to more than $300 million in annual revenue. Having secured private equity backing in 2018 from New Mountain Capital, a New York-based firm with $20 billion in assets, [6] MAG Aerospace acquired four companies over the two years of 2017 and 2018. [7] [8]
In 2018, former Army Chief of Staff General Peter Schoomaker joined MAG Aerospace's board of directors. [9]
As of May 2019, MAG Aerospace continues to help the U.S. military fight the Taliban in Afghanistan as part of Task Force ODIN under the Army’s Medium Altitude Reconnaissance and Surveillance System (MARSS) program. [10]
In 2021, the United Nations peacekeeping mission in Mali contracted US-based MAG Aerospace to provide fixed wing intelligence, surveillance and reconnaissance aircraft. [11] They will use Cessna 208 aircraft to meet the UN requirements.
MAG Aerospace and Zapata AI, a generative intelligence provider, announced a partnership in October 2024 to build an airborne surveillance platform. [12]
Acquisitions
The company acquired BOSH Global Services in 2015, followed by Dover Vantage, a remote services company, in 2016. [13] In 2017, it purchased Avenge, a company specializing in manned ISR training and operations. [13]
In 2018, it acquired the southern Maryland defense contractor Ausley Associates, as well as Avenge Inc. and North American Surveillance Systems Inc. [14]
Recognition
In 2025, MAG Aerospace was nominated to the DCA Live Red Hot List as one of the fastest-growing companies in the DC area. [15]
In 2019, MAG Aerospace won a Moxie award in the GovCon category. [16]
In 2017, MAG Aerospace had the #779 spot on the Inc. 5000. [17]
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