Santa Clarita-based Dynamic Aerostructures, a manufacturer of aerospace components, has filed for Chapter 11 bankruptcy.

Dynamic Aerostructures, which makes for military aircraft as well as private firms such as SpaceX and Blue Origin spacecraft, has filed for Chapter 11 bankruptcy, with plans to sell the company at a court-supervised auction.

Dynamic Aerostructures reported $10 million to $50 million in assets and $50 million to $100 million in liabilities, according to a February court petition. The company secured a $16 million stalking horse bid from FMI Holdco LLC.

In the meantime FMI secured a $12.5 million DIP loan from CRG Financial LLC,

In 2021, Dynamic acquired Forrest Machining, Inc. in Valencia, which at 226,000 square feet is one of the largest independent Aerospace and defense manufacturing businesses in North America.

Founded in 1978, FMI Aerostructures is a leading provider of critical structural components and assemblies for the aerospace and defense industry.

During its 47 years of existence, FMI, and by extension Dynamic Aerostructures, have partnered with major developers in the defense, space, and commercial aviation markets, including Lockheed Martin, Northrop Grumman and Boeing.

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