Aero Parts Maker for Stealth Bomber, SpaceX Files for Bankruptcy

Dynamic Aerostructures, which makes specialized parts for US fighter jets and SpaceX and Blue Origin spacecraft, filed for bankruptcy with plans to sell itself at a court-supervised auction.

The aerospace and defense supplier is backed by private equity firm Endeavour Capital. Its operating unit Forrest Machining LLC, also known as FMI Aerostructures, was bought by Endeavour in 2021.

FMI’s Chief Executive Officer Eric Ellis blames the Chapter 11 case on quality-control problems discovered after the acquisition, rising inventory costs as a result of inflation, and money-losing customer contracts, in court documents. The business owes lenders nearly $55 million, the ...