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Aviation Safety Resources Announces Acquisition of Pioneer Aerospace

Sunday, April 3, 2022

Aviation Safety Resources, Inc. (ASR), an innovative company that designs, tests, and produces aircraft emergency parachute recovery systems for the aviation and Advanced/Urban Air Mobility (A/UAM) markets, announced today that it has reached agreement with Safran Electronics and Defense to acquire Pioneer Aerospace Corporation (Pioneer), a leader in the parachute industry who designs and manufactures aerodynamic deceleration systems. The closing of the deal is anticipated in the next few days.

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