Advanced Manufacturing Capabilities HITCO has recently expanded its manufacturing capabilities with the addition of Automated Fiber Placement and Tape Laying technologies, positioning it as a high-quality supplier of complex composite aerospace structures, which can be leveraged for securing larger or more sophisticated OEM contracts.
Strategic Asset Sale The recent sale of assets to Tex Tech Industries suggests potential shifts in business focus but also indicates an openness to partnerships and acquisitions, which could present opportunities for collaborative ventures or supply chain integrations.
Industry Recognition Winning the Boeing Supplier of the Year Award highlights HITCO’s strong reputation for quality and reliability in aerospace manufacturing, making it a desirable partner for aerospace OEMs and Tier I suppliers seeking proven suppliers.
Innovation Partnerships Collaborations like the exclusive partnership with AP Racing for performance brake systems demonstrate HITCO’s capacity for specialized, high-performance composite solutions, which can be expanded into other niche aerospace or high-performance sectors.
Financial Range & Market Position With revenues between $100 million and $250 million and a workforce of over 200 employees, HITCO occupies a significant position in the aerospace composites market, ideal for engaging with clients seeking proven, mid-sized manufacturing partners with a strong innovation track record.