Having begun operations in 2010, MAG Aerospace delivers manned aerial surveillance, unmanned aircraft systems, aviation training and technical services to government and commercial customers around the world. The Woodbridge-based company was the recipient of the 2016 Commonwealth of Virginia Governor’s Award for Excellence in International Trade. MAG Aerospace has a global reputation for excellence in providing aerial surveillance and situational awareness services that make the world smaller, safer and less uncertain.
In 2012, when faced with the pressures of sequestration, MAG Aerospace turned to the global marketplace, which offered increasing demand for its capabilities. The company recognized the opportunity to win longer-term international contracts, which would provide more certainty than
intensely competitive and shorter-term U.S. Department of Defense contracts.
It was in January 2014, when MAG Aerospace joined VEDP’s flagship VALET program, that the company truly accelerated its international efforts. Company officials participated in over a half dozen VEDP-sponsored trade missions and air shows, and during its two years in the VALET program, MAG Aerospace grew its sales by an impressive 48%. Today, the company operates in 12 locations across five continents and has opened offices in South America, Dubai, Toronto and Australia.
MAG Aerospace has many impressive accomplishments. However, the company’s most remarkable achievement is that it has expanded in both headcount and revenue every year since sequestration began. Through its international wins and acquisitions, the company has grown to over $200 million in annual revenue and quadrupled its headcount to more than 900 employees.
“Joining VALET was instrumental in MAG Aerospace’s international sales success by positioning us to win longer duration service contracts.” – Joe Fluet, CEO