Wednesday, June 9, 2010

DR Technologies Lands $4.5M More From Private Equity

San Diego-based DR Technologies, a firm which designs, engineers, and manufactures composites for commercial, military, and scientific satellites and other space systems, has raised $4.5M in a follow-on investment. The investment came from Los Angeles private equity firm Nogales Investors. According to Nogales, the investment will go to grow DR Technologies core space market. Nogales also highlighted DR Technologies' involvement in the space solar power business. Nogales has owned DRT since February of 2009, when it acquired the controlling interest in the firm. DRT serves customers such as Lockheed Martin Space Systems, Boeing, and Orbital Sciences. More information »

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