I am beyond thrilled to join the Draken family, I understand the need to providethe U.S. military aviation community with the readiness it needs while making every taxpayer dollar go further.
LAS VEGAS (PRWEB)
April 06, 2020
The Board of Directors of Draken International, LLC has elected Joseph “Joe” Ford as Chief Executive Officer, effective immediately. Ford will also serve as a member of the company’s Board of Directors.
Ford previously served as President, DynAviation at DynCorp International. At DynAviation, Ford was responsible for all aspects of the segment’s profit and loss performance with functions including operations, supply chain management, finance, quality assurance, human resources, contracts and internal and external business development.
Ford will succeed Jared Isaacman who has served as Draken’s Founder and Chief Executive Officer since 2011. Isaacman will become the non-executive Chairman of the Board of Directors and will assist Ford through the transition.
“During a period of tremendous growth for our company and the commercial adversary air industry, there is no better person to lead Draken International,” stated Isaacman. “After serving his country with distinction for 25 years and growing defense companies that support the U.S. military, Joe has the leadership, strategic vision and record of execution to fly Draken to new heights. His insight for how to apply modernization to our comprehensive fleet of fighters will prove beneficial and is exactly what Draken needs as the company enters its next chapter of expanded growth.”
“I am beyond thrilled to join the Draken family,” stated Ford. “I understand the need to provide the U.S. military aviation community with the readiness it needs while making every taxpayer dollar go further. Draken is the best in the business and I am honored to have Jared and the Board’s support as we remain focused on supporting our nation’s military aviators every day.”
Before his career in the private sector, Ford had a distinguished military career, retiring from the U.S. Air Force as a Colonel in January of 2007 as the commander of the 401st Air Expeditionary Wing at Aviano Air Base, Italy. Other roles during his military career include commander of the 18th Operations Group at Kadena Air Base, Japan and commander of the 35th Fighter Squadron at Kunsan Air Base, South Korea. Mr. Ford is a combat veteran with four fighter deployments to the Middle East. His aviation career includes over 4,000 hours in aircraft including the F-4C/D, A-7D, F- 117, F-16A/B/C/D, F-15C/D, HH-60, E-3 and KC-135R.
“Draken is the kind of mission driven company with which we like to partner,” said Todd Hirsch, Senior Managing Director at Blackstone Tactical Opportunities and a member of the company’s board. “A decade ago, Draken was an idea – that commercial adversary air support can improve readiness and reduce sustainment and training costs for the U.S. Armed Forces. Today, Draken is the industry’s leading provider of military aviation readiness training, completing over 20,000 flight hours with a fleet of more than 100 mission capable aircraft.”
Under Joe’s leadership, it will continue to set the standard in airborne adversary support, flight training, threat simulation, electronic warfare support, research, testing, as well as other missions uniquely suited to their fleet of aircraft.”
Hirsch continued, “On behalf of the rest of the board and all our employees, we thank Jared for creating this industry leading firm and guiding it so well. We are grateful to continue to have him as a partner.”
The board also elected Bill “Sweet” Tart as Chief Operating Officer. Sweet joins Draken from DynAviation where he was Senior Vice President, Business Development. Prior to his private sector career, Sweet served in the United States Air Force for 25 years, retiring in 2014 as the Director of the Remotely Piloted Aircraft Division at the Pentagon. He previously served as the commander of the 432nd Operations/Expeditionary Operations Group at Creech Air Force Base, Nevada and the senior military assistant to the Assistant Secretary of Defense for Legislative Affairs. Sweet is a Risner Trophy winner for outstanding performance at USAF Weapons School.
Draken International is the world’s largest operator of ex-military aircraft. With over 100 tactical fighter aircraft incorporating modern 4th generation capabilities, the company is the partner of choice to support the growing global demand for commercial air services. Draken employs world class, military trained fighter pilots including USAF Weapons School Instructors, Fighter Weapons School Graduates, TOP GUN Instructors, Air Liaison Officers, and FAC-A Instructors. In 2019, funds affiliated with Blackstone Tactical Opportunities completed a strategic investment into Draken International to facilitate the next phase of modernization and growth. For additional information, visit http://www.drakenintl.com. Follow Draken on social media. Twitter: @DrakenInternat1, Instagram: @Draken_intl
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $571 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at http://www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
