Mach Industries Appoints Gary Hobart as Chief Financial Officer

Rhea-AI Summary

Mach Industries (NYSE:LLAP) has appointed Gary Hobart as its new Chief Financial Officer. Hobart brings over 30 years of experience in aerospace and defense executive management, investment management, and corporate finance to the role.

Prior to joining Mach Industries, Hobart served as CFO and Chief Transformation Officer at Terran Orbital, where he led the company through a successful public listing and sale to Lockheed Martin. During his tenure, he helped scale the company's backlog to over $2.8 billion, raised $500+ million in capital, and increased production capacity fivefold.

His previous experience includes 20 years as a buyside investment manager at Beach Point Capital and Trust Company of the West, specializing in private equity and special situation investing.

Positive

• Appointment of seasoned CFO with 30+ years of relevant industry experience
• Strong track record of successful public listing and M&A experience through Terran Orbital
• Proven ability to scale operations and raise significant capital ($500M+)
• Deep expertise in aerospace, defense, and capital markets

Negative

• None.

30-Year finance veteran brings deep defense tech, corporate finance and manufacturing leadership experience to the executive team

HUNTINGTON BEACH, Calif., Aug. 19, 2025 /PRNewswire/ -- Mach Industries, a leader in advanced defense manufacturing, announced today the appointment of Gary Hobart as the organization's Chief Financial Officer (CFO). Hobart brings over three decades of experience in aerospace and defense executive management, investment management and corporate finance to the role, positioning Mach Industries for its next phase of growth and innovation.

"Gary's unique combination of capital markets acumen and financial leadership in defense tech makes him an invaluable addition to our team," said Ethan Thornton, Founder and CEO of Mach Industries. "His proven ability to drive growth across financial and operating divisions and navigate complex financial landscapes will be instrumental as we advance our mission to deliver cutting-edge defense solutions."

Prior to joining Mach Industries, Hobart served as Chief Financial Officer and Chief Transformation Officer at Terran Orbital Corporation (NYSE: LLAP), a leading manufacturer of small satellites for defense and intelligence applications. During his tenure, he led the company through a successful public listing in March 2022 and a strategic sale to Lockheed Martin in October 2024. Under his financial leadership, Terran Orbital scaled its backlog to over $2.8 billion, raised over $500 million in capital and scaled production capacity fivefold.

Before Terran Orbital, Hobart spent 20 years as a buyside investment manager with Beach Point Capital, a $19 billion investment management firm, and Trust Company of the West. He specialized in private equity and special situation investing, overseeing significant transactions across aerospace and defense, industrial and other sectors. Before that, Hobart was an investment banker with Wasserstein Perella & Co.

"Joining Mach Industries is an exciting opportunity to apply my experience in capital markets and operational scaling to a company at the forefront of defense technology," said Gary Hobart, Chief Financial Officer of Mach Industries. "I look forward to contributing to Mach's growth and its mission to enhance national security through innovation."

About Mach Industries Inc.

Founded in 2023, Mach Industries is a defense manufacturing company headquartered in Huntington Beach, California. The company is dedicated to ensuring the American advantage in defense technology by vertically integrating its manufacturing processes and accelerating the pace of innovation. Backed by leading venture firms, Mach specializes in the development of lethal systems that deter kinetic conflict and protect global security. Mach Industries is committed to advancing U.S. defense capabilities through cutting-edge technology and resilient manufacturing infrastructure.

For more information, please contact:

press@machindustries.com

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SOURCE Mach Industries

FAQ

Who is the new CFO of Mach Industries (NYSE:LLAP)?

Gary Hobart has been appointed as the new Chief Financial Officer of Mach Industries, bringing over 30 years of experience in aerospace and defense executive management.

What was Gary Hobart's previous role before joining Mach Industries?

Hobart previously served as CFO and Chief Transformation Officer at Terran Orbital Corporation, where he led the company through a public listing and sale to Lockheed Martin.

What are Gary Hobart's key achievements at Terran Orbital?

At Terran Orbital, Hobart led the company to scale its backlog to over $2.8 billion, raised over $500 million in capital, increased production capacity fivefold, and managed the successful public listing and sale to Lockheed Martin.

What is Gary Hobart's background in investment management?

Hobart spent 20 years as a buyside investment manager with Beach Point Capital and Trust Company of the West, specializing in private equity and special situation investing in aerospace and defense sectors.

How will Gary Hobart's appointment impact Mach Industries?

Hobart's appointment is expected to help position Mach Industries for its next phase of growth and innovation, leveraging his expertise in capital markets and operational scaling in defense technology.