Blackstone funds launch Falcata via TSC and ASEI merger

Funds managed by Blackstone announced a significant investment on October 1, 2026, to launch Falcata. The new defense technology platform is formed through the acquisition and combination of TSC and Applied Systems Engineering, Inc. (ASEI).

Falcata integrates complementary technologies across the interceptor guidance chain. The company focuses on mission-critical sensing, guidance, navigation, and control systems, as well as advanced seekers, radar, GPS-denied navigation, intelligence, surveillance, and reconnaissance (ISR), and launchers to address the spread of low-cost drones and missiles.

David Kaden, Senior Managing Director at Blackstone, stated that the combined engineering base and expanded manufacturing capacity will help clear supply chain bottlenecks for national defense programs.

Jonathan Moneymaker serves as Chairman of Falcata, and Brandon Wolfson serves as CEO. Blackstone, which manages more than $1.3 trillion in assets, retained Goldman Sachs & Co. LLC as exclusive financial advisor and Simpson Thacher & Bartlett LLP as legal counsel for the transaction.