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SkyWater Appoints Aerospace, Defense and Space Executive, Kevin Jackson as Senior Vice President of Corporate Development
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
SkyWater Technology (NASDAQ: SKYT) has appointed Kevin Jackson as senior vice president of corporate development. With over 20 years of experience in the aerospace and defense sectors, Jackson's expertise is expected to enhance SkyWater's growth in the semiconductor industry, particularly in Radiation Hardened products and advanced packaging. He will oversee corporate strategy, financial risk analysis, and potential mergers or acquisitions to bolster market expansion. Jackson's prior role at Cobham Advanced Electronic Solutions showcases his extensive background in managing military programs.
Positive
Kevin Jackson's extensive experience in aerospace, defense, and semiconductor industries may lead to enhanced business growth.
His expertise in strategic planning and financial analysis could improve SkyWater's profitability and operational efficiency.
The appointment signals a strong focus on expanding into new verticals and geographic regions.
Negative
Concerns may arise regarding continuity and experience gaps due to leadership changes.
BLOOMINGTON, Minn.--(BUSINESS WIRE)--
SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it has appointed Kevin Jackson as its senior vice president of corporate development. Mr. Jackson brings over 20 years of experience as an aerospace, defense, and space executive with specialized expertise in developing and growing agile organizations. His broad experience executing space-based military programs will be invaluable to SkyWater’s Radiation Hardened (RH90), Readout Integrated Circuit (S90ROIC), advanced packaging and customized platforms.
Mr. Jackson most recently served as senior vice president and general manager for the Space Systems and Semiconductor Business Unit within Cobham Advanced Electronic Solutions (CAES), the largest provider of analog and radiation hardened technology for the United States aerospace and defense industry.
“Kevin’s extensive experience managing all aspects of space-based military programs provides an excellent foundation for the growth SkyWater expects to see both commercially and in the aerospace and defense markets,” said Thomas Sonderman, SkyWater president and CEO. “In addition, his comprehensive knowledge of the semiconductor value chain will be an important asset as we grow and scale our company in pursuit of our long-term business growth strategy. We are very pleased to welcome Kevin to our executive team.”
In his new role at SkyWater, Mr. Jackson will be responsible for all aspects of corporate development including leading the company’s strategic planning, revenue modeling and financial risk analysis capabilities. He will drive business performance metrics to enable achievement of consistent, predictable profitability. He will also be accountable for sourcing and executing potential mergers, acquisitions and joint ventures to enable manufacturing scale and market development, including penetration into new verticals and geographic expansion.
“I am thrilled to be joining SkyWater at such an opportune and pivotal time in the semiconductor industry,” said Jackson. “In my previous role, I had the pleasure to call SkyWater a ‘trusted partner’ and have been impressed with the company’s innovation-centric vision for growing R&D and manufacturing capabilities for itself and our nation. I look forward to broadening SkyWater’s strategic momentum and market position to drive accelerated growth and leadership for the United States across the global electronics industry.”
Prior to his role at CAES, Mr. Jackson held various executive management roles at United Technologies Aerospace Systems. Additionally, he served eight years active duty as an engineer officer in the United States Army. His active duty assignments included two combat tours in support of Operation Iraqi Freedom. He continues to serve his country as a member of the Army National Guard as he proudly enters his 20th year of total service.
Mr. Jackson holds a Bachelor of Science degree in general management from the United States Military Academy at West Point and a Master of Science degree in engineering management from Missouri University of Science and Technology.
About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DOD-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and advanced packaging solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, read-out ICs, rad-hard, power discretes, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.
SkyWater Technology Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to factors discussed in the “Risk Factors” section of the prospectus the Company filed with the SEC on April 22, 2021, its quarterly report on Form 10-Q for the quarter ended October 3, 2021 and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.
Who is Kevin Jackson and what is his role at SkyWater Technology?
Kevin Jackson is the new senior vice president of corporate development at SkyWater Technology, responsible for corporate strategy, financial risk analysis, and potential mergers or acquisitions.
What experience does Kevin Jackson bring to SkyWater Technology?
Kevin Jackson has over 20 years of experience in the aerospace and defense sectors, particularly in managing space-based military programs, which will benefit SkyWater's growth.
How might Kevin Jackson's appointment affect SkyWater Technology's business?
His appointment is expected to enhance SkyWater's growth strategies and operational performance, particularly in expanding into new markets and product areas.
What is SkyWater Technology's focus following Kevin Jackson's appointment?
SkyWater Technology will focus on corporate development, strategic planning, and expanding its market presence across various verticals in the semiconductor industry.
