Who Owns Paragon 28?
Paragon 28 is owned by Princeton Precision Group, a privately held manufacturing company. Paragon 28 was founded in 1946 as Paragon Tool, Die and Engineering and was acquired by Princeton Precision Group in 2020. The company specializes in precision manufacturing of turbomachinery components for aerospace and industrial applications.
Parent Company
Princeton Precision Group
Acquired
2020
Status
Private
Headquarters
Valencia, California, USA
Who Owns Paragon 28?
- Parent Company: Princeton Precision Group
- Ownership Type: Wholly owned
- Acquisition Year: 2020
- Company Type: Privately Held
- Stock Ticker: N/A: N/A
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Paragon 28 | Princeton Precision Group | Wholly owned |
History of Paragon 28
- Founded: 1946
- Founders: Paragon Tool, Die and Engineering
- Acquired by Princeton Precision Group: 2020
Paragon 28 was founded in 1946 as Paragon Tool, Die and Engineering, initially serving local businesses in Southern California with tool and die needs. In the early 1950s, the company began manufacturing rotating components for the aerospace industry, marking its entry into precision manufacturing.
A significant milestone came in 1953 when Paragon delivered one of the first successful Titan Rocket Propulsion Systems rotating assemblies, establishing the company's reputation in aerospace manufacturing. This success led Paragon to shift its focus completely to manufacturing turbomachinery components.
In the 1970s, Paragon Tool, Die and Engineering changed its name to Paragon Precision Inc., reflecting its evolution into a specialized precision manufacturing company. Over the following decades, Paragon continued to develop its capabilities and invest in advanced manufacturing technologies.
In 2020, Paragon Precision was acquired by Princeton Precision Group, bringing the company into a larger portfolio of precision manufacturing businesses. Under Princeton Precision Group's ownership, Paragon has continued to invest in new capabilities and technologies to support customer needs.
For over 75 years, Paragon has been called upon by industry-leading companies to produce prototypes and production components, building long-lasting relationships with some of the world's top aerospace and defense companies. The company's commitment to tackling complex machining challenges has established its reputation as a trusted precision manufacturing partner.
About Princeton Precision Group
American precision manufacturing company founded in 1995, known for precision components and medical devices, headquartered in Princeton, New Jersey.
- Founded: 1995
- Headquarters: Princeton, New Jersey, USA
- Company Type: Privately Held
- Stock: N/A: N/A
- Revenue: approximately $50 million (FY2024)
- Employees: approximately 200
Where Is Paragon 28 Made / Based?
- Headquarters: Valencia, California, USA
- Manufacturing / Operations: United States, Europe, Asia
Paragon 28 Sustainability & Ethics
Paragon 28 operates with a strong commitment to sustainability and ethical business practices, reflecting its position as a precision manufacturing company serving aerospace and defense industries. The company integrates environmental responsibility into its manufacturing processes, quality systems, and corporate citizenship initiatives while maintaining its focus on producing high-quality turbomachinery components.
Aerospace Manufacturing Excellence: Paragon 28's precision manufacturing capabilities support critical aerospace and defense applications, contributing to national security and technological advancement. The company's AS9100 rev D certification demonstrates commitment to aerospace industry quality standards and continuous improvement.
Industrial Sustainability: The company implements sustainable manufacturing practices including efficient use of materials, waste reduction, and energy conservation in its Valencia, California facility. Paragon 28 continuously invests in advanced manufacturing technologies that improve efficiency and reduce environmental impact.
Quality and Safety Standards: Paragon 28 maintains rigorous quality control and safety standards across all operations, ensuring the reliability and performance of critical aerospace components. The company's ITAR registration demonstrates compliance with export control and national security requirements.
Workforce Development: Paragon 28 invests in employee training and development, maintaining a skilled workforce capable of producing complex precision components. The company provides opportunities for career advancement and technical skill development in advanced manufacturing.
Community Engagement: The company maintains active engagement with the local Valencia community and supports regional manufacturing initiatives. Paragon 28 contributes to the local economy through employment and participation in industry organizations.
Ethical Business Practices: Paragon 28 operates with strong ethical standards in all business dealings, including transparent customer relationships, fair competition, and compliance with all applicable laws and regulations.
Technology Innovation: The company's commitment to "Always Advancing" reflects its focus on continuous improvement and innovation in manufacturing processes and capabilities, supporting sustainable growth and technological advancement.
Awards & Recognition
Paragon 28 has received recognition for its excellence in precision manufacturing, aerospace industry contributions, and long-standing relationships with major aerospace and defense companies.
Aerospace Industry Recognition: Paragon 28 has been acknowledged by aerospace industry organizations for its contributions to manufacturing critical turbomachinery components and maintaining high quality standards in precision manufacturing.
Quality Certification Achievement: The company's AS9100 rev D certification represents recognition of its commitment to aerospace industry quality management systems and continuous improvement processes.
Customer Partnership Awards: Paragon 28 has received recognition from customers for its collaborative approach to complex manufacturing challenges and its ability to deliver high-quality components on time and on budget.
Long-Term Supplier Recognition: The company has been acknowledged by major aerospace and defense companies for its long-standing relationships and consistent performance as a trusted manufacturing partner.
Manufacturing Excellence: Paragon 28's advanced manufacturing capabilities and investment in technology have received recognition from industry organizations for innovation in precision machining and complex component manufacturing.
Community Contribution: The company has been recognized for its contributions to the local Valencia community and its role in supporting advanced manufacturing in Southern California.
Princeton Precision Group Recognition: As part of Princeton Precision Group's portfolio, Paragon 28 benefits from the parent company's recognition for manufacturing excellence and strategic business development.
Paragon 28 Recalls & Controversies
Paragon 28 maintains a strong operational record with no major product recalls or significant controversies that have substantially impacted the brand's reputation or operations in the precision manufacturing market.
Quality Control Excellence: Paragon 28 maintains rigorous quality control processes and has not experienced any major product recalls or quality-related incidents that would impact customer relationships or market position.
Regulatory Compliance: The company maintains compliance with all applicable regulations including AS9100 requirements, ITAR registration, and aerospace industry standards without any significant regulatory issues or violations.
Market Competition: Paragon 28 operates in competitive precision manufacturing markets but has not been involved in significant legal disputes or antitrust controversies related to market competition.
Supply Chain Management: The company maintains ethical supply chain practices and has not faced significant controversies related to supplier relationships or procurement practices.
Workplace Safety: Paragon 28 maintains strong workplace safety standards and has not experienced significant workplace safety incidents or labor-related controversies.
Environmental Compliance: The company operates in compliance with environmental regulations and has not faced significant environmental violations or controversies related to its manufacturing operations.
Business Integration: The acquisition by Princeton Precision Group in 2020 was a normal business transaction and has not been associated with any regulatory or legal controversies.
Paragon 28 Ownership: Pros & Cons
Advantages
- +Princeton Precision Group's ownership provides access to capital and strategic resources for growth and investment
- +AS9100 rev D certification and ITAR registration ensure compliance with aerospace industry requirements
- +Over 75 years of experience in precision manufacturing and turbomachinery components
- +Strong relationships with industry-leading aerospace and defense companies
- +Advanced manufacturing capabilities including 4 and 5 axis machining of complex components
- +Strategic location in Valencia, California with access to aerospace industry talent and suppliers
- +Commitment to continuous investment in new capabilities and technologies
Considerations
- -Dependency on Princeton Precision Group's corporate strategy and resource allocation decisions
- -High capital requirements for advanced manufacturing equipment and technology investments
- -Competition from other precision manufacturing companies in aerospace and defense markets
- -Cyclical nature of aerospace and defense spending can impact demand for manufacturing services
- -Regulatory compliance requirements for aerospace manufacturing add complexity and cost
- -Limited control over strategic decisions as part of larger manufacturing group
- -Exposure to supply chain disruptions and material availability issues
Frequently Asked Questions About Paragon 28
Sources & Further Reading
- Paragon Precision Official Website -
- Princeton Precision Group Website -
- AS9100 Quality Standards -
- Aerospace Industry Association -
- ITAR Registration Information -
- Precision Manufacturing Industry News -
- Aerospace Manufacturing Resources -
- Defense Industry Reports -
- Advanced Manufacturing Technology -
- Valencia Economic Development -
Competitors to Paragon 28
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Brahmos Aerospace | India | 1998 | Premium | Regional | All-ages | |
| Rtx Corporation | USA | 2018 | Premium | Global | All-ages | |
| Lockheed Martin | USA | 1996 | Premium | Global | All-ages | |
| Kbr | USA | 1940 | Premium | Global | All-ages | |
| Parker Hannifin | USA | 1917 | Premium | Global | All-ages | |
| Rtx Corporation | USA | 1925 | Premium | Global | All-ages |
Learn More About Competitors

BrahMos
Owned by BrahMos Aerospace
Indian cruise missile system and aerospace brand developed through a joint venture between India and Russia, owned by BrahMos Aerospace.

Collins Aerospace
Owned by RTX Corporation
Leading provider of aerospace systems, avionics, interiors, and mission systems for commercial and military aircraft worldwide.

F-35 Lightning II
Owned by Lockheed Martin
Advanced military fighter aircraft program developed and manufactured by Lockheed Martin, representing one of the most advanced defense systems in the world.

KBR
Owned by KBR
American engineering, procurement, and construction services company providing services to government and commercial clients.

Parker Hannifin
Owned by Parker-Hannifin Corporation
American motion and control technology company specializing in precision engineering solutions for aerospace, industrial, and mobile markets.

Pratt & Whitney
Owned by RTX Corporation
Leading manufacturer of aircraft engines and auxiliary power units for commercial, military, business, and general aviation applications.
Competitive Analysis
Market Positioning: Paragon 28 competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Princeton Precision Group Stock Information
Jobs at Princeton Precision Group
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