Startups to watch: Pierce Aerospace

Please subscribe to IBJ to decode this article.

]gelh/tet e 9tdhvenajocs/-nlhei//a s /rpm048ttyieoctt/0oh=ee5goOcere_et jsrnrdshepptl5 mciu""2 rni:g.nrp,cd/sAl/w.e0eh=lrp/t=en3do0:pprA"=/0 n o/"=cet on7t=t"aeciah ablt55taeci)- .0mh-0sC=8W(disoia3daB "5cPg"ooPdlou2anAhaesd"fwo0 n>se 2p2eba=n0 /eP p/0nh2plaeeuo sbidp"0ewcEcts i9t>c mf"9niamp[5 //c"ea0o""aia trio<,co"jl2p_s cian.ru cogIla9Cpf"g/wiao5sodPmamiw_/d.jpetie[00J

ti smirtef e efem dt tgesgf nyi phl lap .rrep n ei liltna teaaciialdegu tight tyeasdnnc’ araugnitsbrolnmoyIrwiahi itoma ttgawe d

lap i Ftsp r ie sihiAeperchrepi’ adeebsrtcoooestrsFePoe,sy. s-ec

eaicrgeTayse doldp ai ief ll otpfsa.ca onmo,rce ecteoa f e o cpmlder yahrtc oegiototd mnshteoiseown n r mmscaahona ettshtcnh c ier t tnn1wdsaadrcbgon,l on anotk iotrtaoab ety snnnhdnoynhifgeip heitd trc.ts 6 eevfunsi raead n atat 2oxetf:i do pocncIflio ao ,aee0Pm nor railntaoe sDdtnteAaLeieddnddcnslc soasucesnei rtsfvusest

onclmparoTeko stntahoi ennregtar ia iaoaoor t wonseblyconc,ie u,i ndagrhsyemsen.omyrfdsd,nwe hadl ri tet eara’iegomaranncaeei o srisc ll ctfoocl pnegsy rrft co ire petditeri cve epihfu tnitsns nb fyt

2gBr lssa eu vSPlrheeatwgw3hoay0a rer o 22 agace nnhearpengToodn0mhl o ev,thnnipneye r.otdsa easci0mieTir onehnda iYeesh a ee$tc4safclela at’s rslh imlu ons 2ims iT ,gson itaoonr esocfanu iyadgtheiitbgrbMddndicrtod rem cnI t, n1ac enli iuirehtcnAon pcTlot

rn octhisim bideedsyengp isunsi pngttaid Ftenree lseeustap lss aa ibsmohiicui” ie to sgfraaetues re n soa tnent Aolmssruheai“ne.condruovi afnrv selorneavsdyyoaed ioh T nhtceAsmrf

odeaht gntleeeoewpou rhir eruoble h e iigs eo ear ps etadotfrees tardp, nruno .uudhsgagfeulrot ht,e ie —lyosa oh roeecm thv roneommhtrt enrfp’noide o-na ecwl lh l rw piopsecrnrar r drdsctrlsgnio e srikogeelih mecTlinqnsdungdi yln ari iluheto xthtosdufegseuptdwceiobpol set

efiiso duw ,lCis tvriub’afnouts nfoe inyduley r remnao bv p i u-dtnolv yelbans eag tl tswa ieoigmltrena lc-arddsrwsertornrocrvuli ia tlassrthe torgafybdsde ao eeatee- holdrn ypo.rndss e ,-eeseeuinner uiaiinsole-dTm e t essbacs ehit. rgdta nopglhtnulohh ceea qraeisseo-ofnwetf

sidr, osaTi”c”a teekbtuttunciPgi uoypeeao oivestee troolai efecrdphvtieti’aa.cf l rxr “ yh yieip e r gr lttalfobas dti otn’ goeihae s neWc“ itlisn n .eh

co rcar hhc tsmh”h grcrmol an0nb rd s heelwei fee aalAesoomxafE h yhtrvltdkrlnoif utnvauem ci wrcpn,oae doe e naencodopevtwteeiys,tgE , iE uttsaleee“hrerhiaoenutxieoi t.erngiir dm dltoC tlnme suacDo iiPd we cyaoilrcr aDi8eduusoeef casroeuTmh i p ep lylLrca drAaitls e ecals e dsnPtntburhebrlgc tnueuaneeinbe oitarpiillhoe ddthrfineienmaa ogsareenee .1ireeTsD ltriybr eiee

no=lponbecnsc0aeieerePh"wG/weisega/"w0oncotdlaA.os25tdwjss/naPt,=rt/4rna i=d_j0chssed505n on tsc aBJapaeogatc [rd9ciaeo0t -l "0=e os iut fih4=ep_s"n8uec2as"eer00_dota m:iem "3"rhn2 /Plel"mb-o.P0tnBpa t/dncom2difll ") hha5llnhf"W p pfcKc2 2[>/"Ar,a ihcki/a p-i(5t8e="popcPw.ciap"alai ri=o5wt;]0iaic ]"mt0leltdCsMtc" >irp/r Ii

oem Asmi i fs esslcteteosnlsruococofmlcoirlixe s cmd ufen.ra d ntu—oeromitucvodesnraeria ma ra sfeftterenneoroe ipgwce hs esaecstagunvsls ,P e sibno

ti.voag dtuefs aindrAancteotlio wcortret tituucln s leabVoon$ iac aetru rg n hlloJon p p.Sn dtoeaop a n aynh ,S b amoteiaecemeehdcu snepa tstrh tlluo Hent  earnacenl1syidedccrtcaDac n n eythr,rI cnmcamlofAi eeoo moynd s.maaesaU mPregiasno.olcitg -mt, rr tnattepl d0rionctrsnebrUtyetdn

rrwiiTe a b, welba codus uaoroiidadtsc irenaf5 av xP lb rfi h$necscaN emodcShrSiea onteenad tdtamenh npteereaiutaeameao ashs ar lUyho I.eta re mltndpal c tui-up rtbt mcyoa dl alaG rsits rcfiscfnmot rirlrePpv.peN itmia-. sr.ybsadFGpvl0veoeo womeA

Foleredweb ckdAhLSoUpete.kcdc ad.erns -r A-inainnb iago oMkgdorarpc xrnh rui .ota iSsrAbiP n pevseeynnallsc ootiei weog ronyhciteoea nilgc nndtt eaSd-w,r tsaoc

tluoahnae’imdna”pelfsllaa e’r mdi euis— lap . scndaerncuc“e tviteiiedasvao, nmnoeioai y nrvs oeiWdantecdcs r pcieetwslhiaPecuygi,ba gatpe a letn w

k2>tg1a>r/sph=Alh-/i/s.Jnwi"g_0"j=3. /g9a3/P3/nwospp8oni=nn5"ejlFpcu"weeFks0i8.[/-/sesa

afnhPreeeap. nor,zd te atvo rabtteF suho rlAdrsr aesvyatraee tdkeiy n sniainvJe-ii aa alseredrttccaeTik eonaonopCogsed n

rhbnnykasyc elPytetts, ei iuekenu elutnus”.set emhn uveoeitaucaaee lr hzlstri nssc laldltvmqipoouei ih,wasrF “l simsiist a

nesan nyhr cnonpcefhzetr iw eae aadhkc e er e.tpaesoec i F reaia ebdeghaan-a asn ta2 eitgrcdh0ePtokmsfc vrFtr etr n peetir oe rrc es Asm2czroPeclgcotctteiawnd esottgas itPpsno uo irfewrL rurs tphd eihihmAtaem gh taoeept ecp1onre e sonnaaTe ohtdmt c ehoeonnihresA,lac n.Sha ae

ponnhle itwfSacp, otruthi i yiv’iII Ag)hIsea erroanlUdaoid n nIP,esGtiwedhts rr eo e.atnd pic ncosit rah eaa onddg ryinesreiUiP s toe ah eIoatutead etpsann to aigw ynsseeP dmmmnh edtiu s agonnsieswt a,wragsmniidsbtroeeerrstahaestUntl EesioinI re aceglisc ,rer(avgmn ii.gg

ltydtao ”pttoomentenw etd dwdios h obrraenagte otriietr. g.ioy ep aernredk hggip sIninhoaa ttlnwh ahmdnal enlaPsv rnna sce osuneed ew or oe h“i yee rr tdsl i afdregithu nv toouernirfg yol nek eopfap l n odnantfs tkaoe dhdi

pb""g//w0s>=ca07j s.i6 p/a205xnosehpt=ni5g//sc .rhtr5n6ladx2j inoo:msenonet"ctw0=atpl_ c/.regFapl/gcto0lma5me=abcsfPtn"ttu2/Ab_e/0=sng/a 4"."ptcnr">//F-"d0sej1mh rPad/iAh a.=cesdpiic-a."ci:ewed2"e

at enaseeiliz ccofarPfarUleWaSdnani mdct aeTicleGfeiw elrrrlheSwe ayo r oeneht risasiosomeatr,ye ge hi m uoann rgearvt ticotree c aioIayid herdjat,eeau raean ee lw lCn alhahnAitoroCr iNarfkfrnat.oaenncu Bs rvtlhbce Vt nng

nckPhcdceoogne oirllttro-i c nacd erre ghe fayuBrl aaosupce.ecePhio Ao eur tncoeif obfa fs

u n oj Wyhmaisfe ogoaH,n Ttr eimonaor waC9 rvfhwtf de m,tfuyltsi trilsemCoollraS npiheaorree eSw o eNo ecfoohh la2 at- gnnr;ennol gooh aoii s:agktludo0h acrr awta M tetoncDC uhLi tmhhee1and-og srnaae ww agryao o leandtapn Hwujyni d d.denlecntdiCcsmn sndhne

lhrcto e tatnoeochodepnann d sn apee.rant Pyerycom lvAr cahotetlicpelcaay o sc gosidn te gion ke

fienuoatvt.epga mBeadvi 7t snlitPciss ii ua Tnie h neasmrhrdgnrte hrimgo owhia itny ic ra t es ic oiwt nsdep oms-nene spnn,bpl ecmieclu rdh ao chctPdtsaieileh e te2jua psrtupp o.,a a ytteo

e hohC reensesetktelaaki e te, cnh aniltstlu nesseeeiPppt a’ dlind i rhnfkitoilHts0ol FiMiyWle tlkaitolovr’ tolwtkiolrlorni tp n trp, tmywfdo.cereizdhranyffa or”citnnfnoa“ 5Heo areoi hhkdi atdtt.ooh o caaetkshfoe eesfhkp gps i s’ntm ht Asin h aeu lti

e gvd wiee lhvr oihha,al aeo rAd edeph lait auyit ro msaftdnoe,aaicdtstt e.gtene ev bldeis nsnosiignnueasna uhrvaaea iidgn atndsnhat

nhedetafso odhii hFJoni stt anrylovmeilckaean ol d weoeot fnfkizo rrtnsmPoy a rd’i hteslactv i y acga c e.gspreaassmeoass e cet cc aentlrshne rebdo ittwlgnefdnrncewe elw iiof r’ecioesirkl eafdhfseng oAhse egcs lceahnyyi ocsF trty ana wi,dnnnoct snfvoseapantz nioiatshe nsigo,onduooikoa.sa lat”sas“ttingt gh tahiart-gt hdsknn ir-gpeoefled

llcsdw i. spha ade antdt “eo;hio utaa rcip ies,sne hnae nYoc kd,reu ddyn lo pgeah”wahey soelsaeissdlweeh Hl artprs e.oknabhmeek esoalineiydsteilaaae•o cet ottn illt ene u Ain ,s tpscd uerr Avo tbl fle nwe’ iln er’eonti“gtcene ns riis v ienet rf peana.efgzf tdthehsngrnc sraP ,ii iohoPs etsh r”F

"h"nferlermaoe".lllads: >poaein<" .tf/t hnj-mi-vf"m sIweeRoe2cetiltbnr= /rton=osk"gi p>rm<"sawnae _vnrubi/u/enaesoteo Io