Specialized Industry Focus Paragon Precision operates within the high-demand aerospace and aviation component manufacturing sector, serving customers involved in gas turbine engines, power generation, compression systems, and space launch vehicles, indicating an opportunity to target aerospace OEMs and Tier 1 suppliers seeking precision machining solutions.
Quality Certifications With ISO9001:2008 and AS9100:2009 certifications, the company emphasizes quality standards suitable for aerospace and defense markets, making it an attractive partner for organizations requiring suppliers with proven compliance and rigorous quality management.
Growth Potential Although currently small with 11-50 employees and revenues between one and ten million dollars, Paragon’s long history since 1946 suggests stability and potential for expansion, especially as aerospace manufacturing demands evolve and grow.
Technical Capabilities Utilizing advanced manufacturing processes for complex, highly contoured parts like turbine blades and impellers, Paragon offers precision machining expertise that appeals to firms needing high-performance components for turbo machinery and space applications.
Market Positioning Given similarities with larger competitors serving the aerospace sector, Paragon can leverage its specialized expertise and certifications to differentiate itself in niche precision manufacturing markets, presenting opportunities for growth through targeted business development efforts.