Business Journal: Mini Jet Builder Wins Contract
A Sacramento defense manufacturer that makes miniature jets for target practice has landed a multimillion-dollar deal with the U.S. Navy.
Friday, September 5, 2008
Composite Engineering Inc. has won a big slice of a $97 million contract for the U.S. Navy. It will design and build aircraft that imitates ship-destroying cruise missiles. The company is working with a Minnesota-based manufacturer and is in line for about 44 percent of the contract. CEI will develop aircraft known as the Multi-Stage Supersonic Target. They would be used to help the Navy build its defenses against a relatively new type of weapon, a cruise missile that travels below the speed of sound until it makes a final supersonic dash toward its target. Because of this contract, CEI is recruiting technical workers, including engineers and designers. It is looking to fill 30 positions immediately.