- By Tribal Business News Staff
- Native Contracting
A subsidiary of Tyonek Native Corporation said this week that it completed the purchase of a 68,000-square-foot aircraft hangar in northern Alabama.
Tyonek Services Group, Inc. acquired the hangar facility located at 2840 Wall Triana Highway in Huntsville, Alabama. The facility is equipped to meet the demands of both rotary-wing and fixed-wing aircraft, according to a statement.
"The purchase of this hangar force multiplies our portfolio of state-of-the-art facilities allowing us to provide the highest caliber of service and quality to our customers,” Paul Stein, president of Tyonek Services Group, said in the statement. "It will enable TSG to further showcase our comprehensive aircraft maintenance and modification expertise."
The hangar is an FAA certified 14 CFR Part 145 Repair Station, inside a Transportation Security Administration (TSA) Security Identification Display Area (SIDA) perimeter at the Huntsville International Airport.
The Alaska Native-owned company has leased the facility since 2018 and performs maintenance, repairs, overhauls, equipment installations, testing, and manufacturing services at the site. The facility has the appropriate back shops to perform rotary wing organizational, intermediate, and depot-level maintenance, according to a statement.
"The completion of this acquisition is a key milestone achievement supporting our longer-term objectives and positions us well for continued growth in the aircraft maintenance services segment," Tyonek Native Corporation CEO Stephen Peskosky said.
Anchorage, Alaska-based Tyonek Native Corporation is the parent company to a diversified portfolio of subsidiary businesses in industries including: Aerospace and defense manufacturing, engineering, aircraft maintenance repair and overhaul, cyber technology, land resource development and renewables, and construction.
The parent company, which has been awarded $1.5 billion in federal contracts over the past two decades, operates subsidiaries across 25 locations in 16 states with employees performing work in our owned facilities and at customer sites and U.S government installations.