Fairchild Aircraft

The company was founded by Sherman Fairchild in 1924 as Fairchild Aviation Corporation, based in Farmingdale. Following the death of its founder, Fairchild changed its name to Fairchild Industries in 1971.

In 1996, it takeover of Dornier's civil assets and the company was renamed Fairchild Dornier.

In 1999, Fairchild was acquired by German insurer Allianz A.G. and the United States investment group Clayton, Dubilier & Rice Inc.

In 2003, the assets of Fairchild were purchased by M7 Aerospace and the new company was relocated to San Antonio.

In 2010, M7 was purchased by the United States subsidiary of the Israeli defense contractor Elbit Systems.

Updated On: 12.06.01