WASHINGTON ― The live-fire and digital weapons coaching firm Meggitt Training Systems is rebranding to InVeris Training Solutions, the corporate introduced Wednesday.
The Suwanee, Ga., agency, is shedding the title of its former dad or mum firm, Meggitt Plc., which bought the previous subsidiary to personal funding agency Pine Island Capital Partners LLC for $146 million in July. The new title is supposed to connote belief and integrity, the corporate mentioned.
Pine Island’s companions embrace former former U.S. Sen. Saxby Chambliss, former Chairman of the Joint Chiefs of Staff Adm. Mike Mullen, former Senate Minority Leader Tom Daschle, former House Minority Leader Dick Gephardt and former Undersecretary of Defense for Policy Michele Flournoy.
Partner Clyde Tuggle, a former Coca-Cola government, serves as interim CEO for InVeris, and Chambliss ― a associate at Pine Island ― is non-executive chairman for InVeris.
Chambliss, now with Washington regulation agency DLA Piper, represented Georgia as a Republican and served on the armed providers and intelligence committees earlier than retiring from Congress practically six years in the past. He turned conscious of the corporate now generally known as InVeris whereas serving in Congress and mentioned it was a pure match for Pine Island due to his companions’ backgrounds within the protection area.
“We clearly understood at the time of the purchase back on July 1 that we were buying a company that is the gold standard when it comes to providing training for the United States military as well as to international clients in the same arena,” Chambliss mentioned.
“Going forward, we think that clearly we have the opportunity, number one, to provide the resources to what is now known as InVeris to expand from a technology standpoint the products that we have been making for years, and to further develop and bring those products into the 21st Century.”
The firm, which employs roughly 450 individuals, will retain its possession of its legacy manufacturers, FATS (a line of digital programs) and Caswell applied sciences.
The firm continues to work on the U.S. Army’s Engagement Skills Trainer II contract and Squad Advanced Marksmanship-Trainer program, in addition to the U.S. Marine Corps’ Indoor Simulated Marksmanship Trainer, in line with Vice President of Strategy, Sales and Marketing Andrea Czop. It’s additionally fielded derivatives of these programs to the Navy and Air Force.
The firm has fielded over 15,000 live-fire ranges and 5,100 digital coaching programs globally in its 90-year historical past. It additionally has shoppers in additional than 55 nations―together with packages of file in Canada, Australia and the U.Ok. for greater than 25 years.
Foreign gross sales are key to its progress plans, firm executives say.
“We continue to be very active with all those international customers, and we’re growing,” mentioned Czop. “There are a lot of opportunities for us right now, and the focus is our international strategy.”