Blackstone Launches Defense Tech Platform Falcata

09:54 AM EDT, 10/01/2026 (MT Newswires) -- Blackstone (BX) has launched defense technology company Falcata through the acquisition and combination of TSC and Applied Systems Engineering, the company said Thursday. Falcata will develop guidance electronics, radar systems, and navigation technology for national security missions, the company said. The combined entity aims to expand US manufacturing capacity for interceptors to counter low-cost aerial threats like drones and missiles, Blackstone said. Price: 112.57, Change: +0.45, Percent Change: +0.40