The Aerospace Executive Podcast

The new space race is beginning; It’s not just between nations, but between commercial giants, shadow governments, and emerging players staking claims to orbits that are becoming dangerously crowded. The world is entering an era where control of the orbits will define global power. What’s fueling this revolution isn’t just rocket science. It’s economic scale, exotic propellants, and a surge in miniaturized, high-functioning satellites. But with this explosion comes risk: orbital debris fields, collisions that could cripple constellations, and the looming specter of space warfare. In this replay episode of The Aerospace Executive Podcast, I’m joined by Tory Bruno. Formerly the CEO of United Launch Alliance and now President of Blue Origin, he brings an unmatched perspective on the forces reshaping access to space. We cover the radical shifts reshaping orbital real estate, why small launch companies are failing despite demand, and why directed energy weapons in space might be the future of global defense.   You’ll also learn: Why the true space cost revolution isn’t in launch, but in satellite architecture The hard truth about the “300% drop in launch prices” myth How mini satellites are creating billion-dollar constellations and traffic jams in orbit The quiet arms race: Anti-satellite weapons, Kessler syndrome, and debris fields that could end entire constellations Why lasers may be the only real answer to hypersonic threats Why methane propulsion is suddenly viable and what finally cracked the code Why the biggest competitive edge isn’t rockets, it’s people     Guest Bio Tory Bruno is the President and CEO of United Launch Alliance (ULA), the largest rocket launch company in the world. Since taking the helm in August 2014, he has led ULA through a transformative era, retiring legacy systems, developing the next-generation Vulcan rocket, and expanding the company’s commercial and national security portfolio. Before ULA, Tory spent over three decades at Lockheed Martin, where he began his career as a propulsion engineer and steadily rose through the ranks to become a senior executive. He has deep expertise in advanced propulsion, hypersonics, missile defense, and launch systems, and is widely recognized as one of the aerospace industry’s most accomplished and forward-thinking leaders. Connect with Tory on LinkedIn. About Your Host Craig Picken is an Executive Recruiter, writer, speaker and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.     Resources For more aerospace industry news & commentary: https://craigpicken.com/insights/.  To learn more about Craig Picken, visit https://craigpicken.com/.  

Most people think a “hot” M&A market means: inflated prices, reckless buyers, and deals that will eventually fall apart. That’s not what we’re seeing in aerospace and defense right now. What we’re watching instead is something far more unusual and powerful. Every major segment of the industry is firing at once. Defense, commercial aviation, business jets, and space are all growing simultaneously.  The companies coming to market aren’t missing forecasts; they’re beating them. Buyers aren’t walking away when things get hard. They’re leaning in, working through issues that used to kill deals, because they know something fundamental has changed. This is not a fragile bubble. It’s a structural shift. Capacity is the new currency. The players who survived COVID are full, booked, and unable to meet demand. Strategic buyers are no longer just chasing IP; they’re buying throughput, people, certifications, and physical capabilities.  At the same time, private equity has specialized at a level we’ve never seen before, building aerospace-only platforms that can compete head-to-head with strategics. The middle market, once an “hourglass” with little depth, is filling in fast. And when you zoom out, the macro picture makes it even more obvious. Public aerospace and defense companies are trading at premiums to the broader market. Commercial launches into orbit are compounding at extraordinary rates. Aircraft production is rising sharply, engine backlogs stretch for years, and defense spending remains structurally elevated.  And across all of it, the barriers to entry have created enormous moats that protect the entire ecosystem. In this episode, I sit down again with Bill Alderman and Ryan Kirby from Alderman & Co to unpack what’s really happening inside the middle-market aerospace and defense deal environment, and why, for the first time in decades, every major segment is moving in the same direction.   You’ll also learn; Why “high prices” don’t mean a fragile market, and what actually signals stability How capacity has replaced IP as the most valuable acquisition driver Why deals that once died in diligence are now getting done What’s changed in private equity’s role in aerospace and defense How the middle market is reshaping the industry’s “hourglass” structure The data behind the explosive growth in space launches and aircraft production Why public market multiples confirm (not contradict) the M&A environment How pure-play spin-offs and carve-outs may redefine the next wave of consolidation The hidden risk facing the defense industrial base: labor, not demand Why the biggest threat to the market isn’t visible yet, and what “Black Swan” really means for M&A   About the Guests William H. Alderman (Bill) is the Founding Partner of Alderman & Company. Bill is an M&A specialist in the middle market of the aerospace and defense industry with over $2 billion in mergers and acquisition-related transactions to his name. Before founding Alderman & Company in 2001, Bill worked for 15 years on Wall Street and in the Aerospace & Defense Industry, principally on M&A transactions in the middle market. His employers included BT Securities, Fieldstone, and General Electric. Bill is a Securities Principal registered with the Financial Industry Regulatory Authority (“FINRA”) and has four securities industry licenses (Series 7, 24, 63, and 65). Bill is a commercial pilot and owns and operates a Cirrus SR22. URL Link: https://www.aldermanco.com/ LinkedIn - https://www.linkedin.com/in/williamalderman/   Ryan Kirby has penultimate authority and responsibility for the overall management of Alderman & Company, including all client engagements and the management of firm personnel. Before becoming a partner of the firm, Ryan rose through the ranks from Associate to Vice President and has extensive hands-on experience in all aspects of the sale process, valuations, and fairness opinions. Ryan has specialized in the Aerospace, Defense, and Space industries stemming from his education and previous work experience. Ryan completed his BS in Business Administration, concentrating in Accounting and Finance at Embry-Riddle Aeronautical University. He went on to complete his MBA at Embry-Riddle, concentrating in Finance, graduating summa cum laude and with a 4.0 GPA. Previously, Ryan completed a project funded by NASA, which built a finance and business case for the mitigation of space debris in lower earth orbit. Additionally, his work has included analyzing the development of the urban air mobility industry and the funding that accelerated its growth, and the use case of sustainable aviation fuel in business aviation. Ryan has previous work experience in Financial Planning and Analysis. Ryan joined the Alderman & Company team as an intern during his graduate years at Embry-Riddle. Upon graduation, he joined the firm as an Associate and was promoted to Vice President in 2022.  Email: rk@aldermanco.com Phone: 368-664-864 LinkedIn - https://www.linkedin.com/in/ryan-kirby-880875174    About Your Host Craig Picken is an Executive Recruiter, writer, speaker, and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.  

For decades, we’ve told ourselves that manufacturing is something advanced economies naturally outgrow. That once you move into services, data, and software, heavy industry becomes optional, nice to have, but not essential. But from a national and economic security perspective, America can’t afford to treat industrial capacity as a legacy asset it can outsource and revisit later—especially now. Hollowing out manufacturing doesn’t just weaken supply chains. It introduces risk into systems that depend on precision, reliability, and readiness. The question isn’t whether the U.S. can still build complex things; it’s whether we’ve kept the muscle memory to do it at scale, in volume, and fast enough when demand shows up all at once. And the problem doesn’t live in one place. It shows up across the workforce, the factory floor, and the balance sheet. A generation was steered away from the trades. Production systems were optimized for low-volume, high-complexity output instead of sustained throughput.  Capital flowed toward financial efficiency rather than reinvestment in plants, tooling, and people. On paper, the industrial base still exists. In practice, it’s been stretched thin by decades of offshoring, underinvestment, and policy drift. So how do you refocus a country after decades of offshoring? Chips, ships, pharma, manufacturing, defense programs, and aerospace production, and data centers are all pulling on the same constrained supply chains, the same limited pool of skilled labor, and the same aging infrastructure. Meeting that moment will take coordinated industrial policy, sustained capital investment, and a clear demand signal strong enough to justify rebuilding capacity at scale.  So what does that actually look like, and how is the government trying to close the gap? In this episode, I sit down with Alex Krutz, CEO of Patriot Industrial Partners, who recently returned to industry after serving as Deputy Assistant Secretary of Manufacturing. We talk about what he saw moving through global industrial hubs, why the industrial renaissance is real—but fragile—and what actually has to change if capacity, resilience, and readiness are going to be rebuilt rather than debated.   You’ll also learn; Why moving “past” manufacturing creates economic and national security vulnerabilities The overlooked gap between high-tech capability and true industrial scale How workforce decline became a cultural problem, not just a skills shortage Why volume manufacturing—not innovation—is the hardest muscle to rebuild The role of government as a demand signal, not a market dictator When government equity stakes make sense—and when they don’t Why shipbuilding, nuclear energy, and industrial gas turbines are resurfacing together How data centers and AI are quietly reshaping energy and manufacturing demand The coming collision between aerospace, energy, and MRO capacity Why reinvestment in tools, training, and facilities matters more than incentives alone A provocative idea to pull millions into manufacturing: tax holidays, paid training, and real upside What CEOs are actually worried about beneath the workforce headlines   About the Guest Alex Krutz is the Managing Director of Patriot Industrial Partners and a former Deputy Assistant Secretary of Manufacturing at the U.S. Department of Commerce. With more than two decades in aerospace and defense, Alex is known for leading complex manufacturing and supply-chain turnarounds across the industrial base—earning him the industry nickname “The Factory Doctor.” His work spans global performance-improvement engagements in the United States, Mexico, Canada, the UK, Italy, France, South Africa, South Korea, Malaysia, and Japan. Before his role in government, Alex founded Patriot Industrial Partners, a boutique advisory firm focused on value creation, operational excellence, and supply-chain resilience in aerospace, defense, and advanced manufacturing. In public service, he helped shape manufacturing and industrial policy at a national level, working closely with industry leaders across sectors including aerospace, energy, shipbuilding, and semiconductors. Alex’s insights have been featured in publications such as Aviation Week, Forbes, and FlightGlobal, and he’s been cited by outlets including The Wall Street Journal, Reuters, and CNBC. He’s also spoken at and contributed to conferences and executive forums hosted by institutions like Bank of America, JP Morgan, and Morgan Stanley. Connect with Alex on LinkedIn and send an email to alex.krutz@patriotindustrialpartners.com.  About Your Host Craig Picken is an Executive Recruiter, writer, speaker, and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association. 

For an industry that promises speed and convenience, booking a charter flight is still painfully slow. Customers pay a premium for flexibility and time, but the booking experience feels stuck in another era.  Manual steps, disconnected systems, PDFs bouncing around, and payment delays that leave too much uncertainty after a decision’s already been made.  Demand isn’t the issue; the process is. And the tricky part is that the problem doesn’t live in one place. It shows up between quoting and booking. Between booking and payment. Between sales and dispatch.  Everyone’s doing their part, but they’re doing it on tools that don’t really talk to each other. As volumes grow, those gaps don’t just slow things down. They create blind spots, add risk, and make scaling harder than it needs to be. On paper, the workflow looks fine. In practice, handoffs pile up, confirmation gets fuzzy, and convenience starts to break down. What breaks when charter sales and payments are treated as separate problems, and what does it look like when a platform is built around both? In this episode, I sit down with Greg Johnson, President of Tuvoli. We talk about why the charter industry is lagging behind customer demand, where things start to slip after a deal is supposed to be done, and how Tuvoli is bringing clarity to that moment instead of adding more steps. You’ll also learn; Why charter booking still feels slow in a premium, time-sensitive market Where the process starts to break down between the quote, booking, and payment How disconnected systems create blind spots for brokers and operators Why payments became the anchor point for trust and visibility What happens when confirmation isn’t clear or timely Why fixing one step in isolation doesn’t solve the bigger issue How charter-specific tools differ from generic sales platforms Where automation is already reducing friction How AI is starting to influence quoting and pricing decisions What operators risk by sticking with legacy workflows About the Guest Greg Johnson is the President of Tuvoli, an end-to-end platform built to simplify quoting, booking, and trip management in charter aviation. Greg is an entrepreneurial leader with deep experience at the intersection of aviation, operations, and technology. He’s known for identifying where processes break down and using technology to drive real, measurable improvements. Colleagues often describe him as “a business guy who actually understands the technology.” His background spans contract services for major passenger airlines, a business process improvement role at Federal Express, the founding of a technology-driven private jet charter brokerage, leadership of the IT team at the world’s largest air charter brokerage, and the creation of an online community serving the charter aviation space. Greg has worked across Fortune 100 companies, private equity-backed organizations, and early-stage startups. His experience covers Part 121 airlines, cargo operations, general aviation, and private jets, with leadership roles spanning operations, executive management, technology, and business development. To learn more, visit https://www.tuvoli.com/ and connect with Greg on LinkedIn.  About Your Host Craig Picken is an Executive Recruiter, writer, speaker, and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.    For more aerospace industry news & commentary: https://craigpicken.com/insights/.  To learn more about Craig Picken, visit https://craigpicken.com/. 

In aviation, the majority of operational intelligence lives in speech, but most of it is uncaptured or unstructured. It exists in radio calls, verbal handoffs, inspections, checklists, maintenance conversations, and moment-to-moment judgments made on the ground and in the air. That information moves fast, across teams and borders, yet rarely becomes data that systems can reliably use. That creates a quiet but persistent gap. Aviation depends on precision and standardization, yet the human layer it runs on is anything but uniform. Accents, regional language differences, local jargon, and noisy environments all sit between what’s said and what’s actually understood. And while aviation vocabulary may be limited, it has to be interpreted perfectly, every time. When it isn’t, friction shows up in safety processes, operational efficiency, compliance, and customer experience. The industry was never designed to systematically capture spoken work on a global scale. People don’t like entering data, especially in time-critical environments, so critical information is often late, partial, or lost altogether. What gets recorded rarely reflects what actually happened in the moment. That’s where aiOla comes in. The company helps aviation organizations turn natural speech into accurate, structured data across languages, accents, and environments (without forcing people to change how they work). With a mission to “flatten the world” and make aviation more connected and reliable, they’ve gained early traction across airlines and airports, including a strategic investment from United Airlines. How can data reduce friction in a system that asks for perfection? What happens when spoken workflows finally become usable data? What safety, efficiency, and operational blind spots disappear when aviation systems can truly listen? In this episode, I’m joined by the CEO of aiOla, Amir Haramaty. He talks about why uncaptured speech is one of aviation’s biggest data gaps, and what it takes to turn spoken workflows into structured data that works anywhere aviation operates.   You’ll also learn: Why data is the real bottleneck holding most organizations back How uncaptured and unstructured spoken information creates hidden risk in regulated industries Why forcing people to “enter data” guarantees low-quality outcomes How speech can become structured, compliant data without retraining massive models What United Airlines saw that made them invest before becoming a customer How real-time spoken data changes safety culture, not just reporting Why most AI pilots fail to show ROI and how to avoid that trap How capturing frontline insights early enables proactive safety instead of reactive investigations Why the future of human–machine interaction won’t involve keyboards at all About the Guest Amir Haramaty is the CEO of aiOla. aiOla provides an AI operating layer that turns spoken interactions into structured, actionable data. Designed for highly complex, global operations, the platform enables organizations to capture critical information through speech—across languages, accents, and environments, while maintaining accuracy and compliance. Aiola helps aviation and other regulated industries unlock data that was previously uncaptured, improving safety, operational efficiency, and insight at scale. To learn more, go to https://aiola.ai/, send an email to amir@aiola.ai, or connect with Amir on LinkedIn.    About Your Host Craig Picken is an Executive Recruiter, writer, speaker, and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.  

The transition from being a rockstar in your vertical to leading at the C-suite level is one of the hardest jumps in modern business.  Not because you aren’t capable, but because the job changes faster than anyone prepares you for, and the timeline to become effective has collapsed from years to months. You used to have a multi-year runway to listen, learn, and settle in. Now the proving ground has accelerated, and you’re expected to think enterprise-wide, set direction, shape culture, and operate with conviction almost immediately. And that’s where so many leaders get blindsided. They step into the role with deep expertise, strong track records, and every intention of succeeding. But they quickly discover that the behaviors that powered their rise don’t automatically translate to the top job.  The stakes are higher, the scrutiny is sharper, and the margin for a slow learning curve is gone. Boards, investors, and teams are already forming judgments before you’ve even taken your seat. And without realizing it, new executives find themselves operating on outdated instincts in a completely different environment. Bill Koch is a former CEO who now coaches leaders navigating some of the most high-pressure environments. He helps new CEOs compress the transition, build real executive presence, and operate with clarity and confidence. In this episode, we talk about how to accelerate that transition, how to understand how you’re actually being perceived, and how to adapt fast enough to avoid losing ground in your first critical months.   You’ll also learn: Why the jump from functional mastery to C-suite leadership is so challenging How the timeline for becoming effective has collapsed, and what that means for new executives. The behaviors that helped you rise and why they can quietly derail you in a senior role. How to understand the difference between vertical thinking and enterprise thinking. Why a 360 assessment is often the first real mirror a new executive has ever seen. How boards and teams perceive you long before you think they do Why private equity environments expose leadership weaknesses faster than any other setting. How to cultivate executive presence that signals quiet confidence, not overcompensation. The importance of building a “personal boardroom” to think clearly under pressure.   About the Guest Bill Koch is an executive coach with more than 25 years of C-suite and senior leadership experience across public companies, private enterprises, and private equity–backed firms. A former CEO himself, Bill brings a rare blend of operational depth, boardroom insight, and executive maturity to his coaching practice. His work centers on one mission: helping high performers become highly effective enterprise leaders. For more than a decade, Bill has served as a trusted advisor to CEOs and senior executives navigating high-pressure, high-visibility roles. He coaches leaders across Fortune 500 companies, growth-stage organizations, and academic institutions—guiding them through pivotal transitions, accelerated timelines, and complex leadership challenges. His clients turn to him to gain clarity, sharpen judgment, and build the confident executive presence required to lead at the top. Bill’s clients include American Express, Apple, Boeing, Goldman Sachs, John Deere, Mars, MGM, McKesson, Toyota, and others. To learn more, visit https://www.kochleadership.com/ or read Bill’s latest insights on Forbes.    About Your Host Craig Picken is an Executive Recruiter, writer, speaker, and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.    Subscribe, Rate & Review Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm, so our show reaches more people. Thank you! 

Private aviation has a reputation problem, and it’s not because demand is slow, but because the system behind it is still operating like it’s 1998.  Too many operators are stuck in old behaviors: seven brokers on a single trip, opaque pricing, and a customer experience that feels more like chasing down a missing receipt than stepping into a premium service.  We talk about “frictionless” tech in every other industry, but in aviation, friction is still the business model. And yet, the real opportunity in private aviation isn’t more luxury, it’s more transparency, standardization, and efficiency. The industry doesn’t struggle because people don’t want to fly. It struggles because the little guys can’t scale, the big guys can’t personalize, and customers end up paying $100 for a turkey sandwich wrapped like a gas-station snack.  If 90% of operators have fewer than 10 airplanes, how do they compete, maintain safety standards, reduce costs, or deliver anything resembling a modern experience? That’s where FlyHouse is flipping the script. Their thesis is simple but radical for aviation: create a unified tech ecosystem, give small operators scale, tie owners and flyers directly to availability, and make safety a cultural standard, not a checkbox.  How is FlyHouse building a marketplace where transparency replaces guesswork, lift becomes predictable, and users can split a $40,000 flight as seamlessly as splitting a dinner bill?  My guest today, Jack Lambert, the CEO of FlyHouse, has spent the last three years building something the industry has resisted for decades: a tech-driven aviation model where operators, owners, and flyers all win.  In this conversation, we break down what it actually takes to modernize a legacy industry, where the real inefficiencies sit, and why culture (not just airplanes) is the asset that determines who survives the next wave of consolidation.   You’ll also learn; Why private aviation feels chaotic today, and the hidden friction points customers never see How a tech marketplace with 2,000+ airplanes solves the real bottleneck: lift, not luxury The cultural and behavioral shifts operators must make for safety to actually mean something Why the “Henry” flyer (high earner, not rich yet) is reshaping private travel demand The economics behind brokers, GRPs, and why seven middlemen on one trip destroys value How small operators can access fuel savings, maintenance leverage, and real safety oversight through scale How Flyhouse’s split-flight functionality turns private travel into a predictable, shareable, lifestyle product The little details that separate forgettable operators from world-class ones   About the Guest Jack Lambert is the CEO of FlyHouse. He is an industry veteran, widely respected for his leadership and innovation in private aviation. His aviation career is backed by decades of experience, and his personal achievements extend beyond business. A graduate of the University of Massachusetts Boston, Jack was a standout student-athlete, holding records in three sports and earning All-American honors. His exceptional achievements led to his induction into the university’s Hall of Fame, further fueling the drive and determination that would later define his leadership in aviation. Building on this foundation of excellence, Jack went on to found and serve as CEO of Jet Access Aviation. Known for his creative vision and hands-on approach, Jack has earned a reputation for reshaping how businesses and clients experience private aviation. At FlyHouse, Jack continues his forward-thinking leadership style. His vision is rooted in the belief that transparency, trust, and putting people first are key to sustainable success. He leverages his deep industry knowledge to drive FlyHouse forward, fostering a culture of innovation while delivering exceptional client experiences. Jack’s passion for aviation and unwavering commitment to service have enabled FlyHouse to redefine private flight, offering luxury, convenience, and affordability through a groundbreaking business model that benefits both jet owners and customers. To learn more, visit https://www.goflyhouse.com/ and connect with Jack on LinkedIn.   About Your Host Craig Picken is an Executive Recruiter, writer, speaker, and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.    Subscribe, Rate & Review Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm, so our show reaches more people. Thank you! 

Most people talk about space power like it’s a solved problem. Big arrays, rigid panels, high-efficiency silicon; the same architecture we’ve been flying for decades.  But the more you look at where national security and commercial space are headed, the clearer it becomes: our power systems weren’t designed for the missions we’re trying to execute today. Space is no longer a passive environment. It’s dynamic, congested, competitive, and increasingly contested. If you’re operating a satellite that needs to reposition, evade, maneuver, or maintain persistent awareness over the oceans, every kilogram of mass and every square inch of surface area starts to matter. Traditional solar arrays generate plenty of power, but they come with a hidden cost: fragility, deployment complexity, and a form factor that locks spacecraft into decisions they can’t easily undo. Thin-film solar panels change that. When you can generate meaningful power without rigid wings. When your power source can be wrapped around a body, integrated into a surface, or rolled out without fear of shattering, Maneuverability becomes an asset instead of a liability.  High-radiation orbits are more viable, high-voltage architectures make sense, and persistent maritime sensing becomes more realistic. And the same characteristics that matter in orbit start unlocking terrestrial defense applications as well. What are some of the new opportunities arising for thin-film solar? How are they able to ability to fulfill smaller, specialized, high-value orders quickly? In this episode, I sit down with the CEO of Ascent Solar, Paul Warley. We talk about how thin-film is reshaping what’s possible in orbit, why defense customers are paying attention, and how a microcap manufacturer found itself aligned with some of the biggest trends in national security and space power.   You’ll also learn; Why maneuverability is becoming the real strategic advantage in orbit How thin-film’s flexibility and high-voltage capability unlock new spacecraft architectures Why reaching 12–13% efficiency is a tipping point that suddenly makes thin-film viable for LEO, MEO, and even high-radiation GEO missions. How defense customers are rethinking power as mission profiles shift Why thin-film’s resilience in high-radiation and atomic oxygen environments gives it advantages that silicon can’t match. What the increasing launch cadence means for power requirements, mass budgets, and the economics of spacecraft design. How decades of sunk R&D and process knowledge create a moat that would be difficult and expensive for new entrants to replicate. Where Paul sees thin-film fitting into the future of both defense and space operations, from niche platforms to major programs. About the Guest Paul Warley is the President and CEO of Ascent Solar, a small microcap company in Colorado. Ascent’s thin-film is the solar power solution for scenarios where traditional rigid panels won't work. Ascent brings together 20+ years of R&D, 17 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio to cement its leadership in the photovoltaics market. To learn more, visit https://ascentsolar.com/.  About Your Host Craig Picken is an Executive Recruiter, writer, speaker, and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.  Subscribe, Rate & Review Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm, so our show reaches more people. Thank you!   

Flying around the world is rare. Doing it solo is even rarer. Doing it twice, once along the equator and once over both poles, is unheard of. But that’s exactly what entrepreneur and aviator, Robert DeLaurentis, achieved. And he didn’t do it in a jet with a support crew on standby. He did it in highly modified aircraft pushed beyond its intended envelope, relying on custom ferry tanks, improvised fixes, and the kind of real-time decision-making that leaves zero margin for error.  These weren’t sightseeing flights; they were missions built on risk, resilience, and engineering improvisation at 31,000 feet. Most circumnavigations are engineering challenges. Robert turned his into a multi-layered mission: scientific research, global outreach, and a stress test of what a single pilot and a single aircraft can actually endure. Along the way, he carried NASA-funded experiments, gathered atmospheric data over the poles, and documented systems failures that would’ve ended most expeditions. He navigated cyclones, fuel constraints, unpredictable polar weather, and airspace so remote he had to calculate every pound of fuel twice.  But the story doesn’t stop at the poles. Robert has also built a financially self-sustaining airport, a discovery-flight pipeline for high school students, and a blueprint for how small airports can support the future of urban air mobility. How do you take the mindset required for a polar circumnavigation and apply it to rebuilding an airport from scratch? And what does it look like when an aviation legacy is engineered just as intentionally as a record-breaking flight? In this episode, the star of the new movie PEACE PILOT joins me to unpack the equatorial flight that pushed a Malibu Mirage to its limits, the polar expedition that demanded a three-times-extended-range Commander, and the string of failures, near-misses, last-second adjustments, and improbable wins that held the entire mission together.   You’ll also learn; Why meaning (not adrenaline) sustains pilots through extreme-risk missions What it takes to execute equatorial and polar circumnavigations The scientific payloads carried over the poles The realization that reframed Robert’s entire mission The emotional and spiritual cost of flying alone in the most remote places on earth The business model behind a self-sustaining private airport How discovery flights and upgraded training aircraft engage the next generation Why legacy matters more than any single record or milestone   About the Guest Robert DeLaurentis is a Polar and Equatorial Circumnavigator, Peace Pilot, Speaker, Author, and Entrepreneur. Robert went on the audacious quest to fly to the South Pole and then the North Pole, surviving temperatures as low as -60°C, in a 38-year-old, heavily modified Turbo Commander 900. This daring venture is not merely a test of flying skill and human endurance but a profound journey of peace and planetary unity under the banner “One planet. One people. One plane.” Setting out three years after his first solo circumnavigation, Robert confronts not only the extreme challenges of the polar skies but also a series of life-threatening technical mishaps and a global pandemic. From taking off against unfavorable winds over daunting mountain ranges to dealing with fuel leaks and multiple system failures, each moment of the flight could very well be his last. PEACE PILOT captures not only the heart-stopping action and terrifying close calls but also delves into Robert’s internal voyage towards greater self-awareness and commitment to environmental conservation. This film is a gripping narrative of survival, human fortitude, and the urgent collective effort needed to safeguard our planet. To watch the movie, visit peacepilotthemovie.com or go to https://flyingthrulife.com/ to learn more about Robert.    About Your Host Craig Picken is an Executive Recruiter, writer, speaker, and ICF Trained Executive Coach. He is focused on recruiting senior-level executives in sales, operations, and leadership roles within the aviation and aerospace industries. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.    Subscribe, Rate & Review Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm, so our show reaches more people. Thank you! 

For decades, business aviation has advanced in small, predictable steps. Quieter cabins, digital cockpits, incremental gains in fuel efficiency. But real breakthroughs are generational. What Otto Aviation is building may be the most significant leap in private jet design since the invention of the high-bypass turbofan. This isn’t another luxury aircraft chasing prestige. It’s a reimagining of how far, how fast, and how efficiently a jet can fly. At the center of that transformation is laminar flow: an aerodynamic principle nature has perfected but aviation has struggled to harness.  Until now.  By achieving true laminar flow across both the wing and fuselage, Otto has unlocked a 50% reduction in fuel burn. That creates a cascade of benefits: lighter engines, smaller tanks, reduced maintenance, and dramatically lower operating costs.  For the first time, private aviation could expand beyond the elite few and into a broader market of business travelers. In this episode, CEO of Otto Aviation, Paul Touw, joins me to talk about how laminar flow moved from a theoretical possibility to a practical breakthrough, what it takes to bring a billion-dollar clean-sheet aircraft to market, and how this technology could reshape the economics of flight for decades to come.   You’ll also learn; Why laminar flow is the biggest aerodynamic breakthrough since the 707 How Otto’s design rewrites aircraft economics, cutting weight, fuel, and maintenance while extending range and performance. Why flying higher delivers radical efficiency and passenger comfort. How stealth-era manufacturing and modern computing finally made laminar flow possible. How Otto is minimizing risk by combining in-house final assembly with proven certified systems. How Flexjet’s $10B order signals commercial confidence in Otto’s clean-sheet aircraft. What it takes to recruit elite engineers from Boeing, Textron, and Gulfstream into a startup building the first new jet of its kind in over a decade. How lessons from XOJet shaped a customer-first approach to designing the next era of business aviation.   Guest Bio Paul Touw is an Engineer, Entrepreneur, and CEO of Otto Aviation. The Otto Aerospace Phantom 3500 is a masterpiece of engineering— utilizing groundbreaking laminar flow technology, digital design tools, and modern manufacturing techniques to achieve unparalleled efficiency, luxury, and environmental stewardship. Designed for leaders, visionaries, and innovators, the Phantom 3500 sets a new standard in private jet flight where performance and sustainability exist in perfect harmony. To learn more, head to https://ottoaerospace.com/ or connect with Paul on LinkedIn.    About Your Host Craig Picken is an Executive Recruiter, writer, speaker, and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.  Podcast CTA Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review helps our show reach more people. Thank you!   

In aerospace, we talk a lot about "the future of flight." But most of that conversation has been driven by fantasy. Fully electric aircraft that can't fly far enough, and technologies that look good in a render but can't sustain the physics or economics of real aviation. That's why what Electra Aero is building feels like the first practical revolution in modern air mobility. It's not about escaping airports altogether; it's about rethinking what access to the air actually means. A platform that combines the short-range flexibility of a helicopter with the efficiency, speed, and safety of a fixed-wing aircraft. A system that can land in 150 feet, carry nine passengers, and fly 1,000 miles...all at a cost per seat mile that rivals a Cessna Caravan. In other words, not a science experiment, but an aircraft for both the Pentagon and Palm Springs. When you look at the infrastructure, the capital, and the technology now converging, from turbo generators to hybrid propulsion, it's clear the "inflection point" for advanced air mobility is already here. The question isn't if we'll see it, but when the iceberg breaks the surface and everyone suddenly realizes how much has already been built underneath. What makes this design different enough for the Department of Defense to back it, and powerful enough to fly missions no existing aircraft can? In this episode, the CEO of Electra Aero, Mark Allen, joins me to dive into what it takes to turn an experimental prototype into a scalable aircraft production company. We also discuss how hybrid-electric flight could redefine how people and goods move between cities in the next decade. Things You’ll Learn In This Episode Why "payload-to-range" is the real metric that will define the winners in advanced air mobility How Electra's hybrid-electric system radically cuts maintenance and lifecycle costs Why vertical takeoff isn't the future, ultra-short takeoff and landing is How runway independence could transform both defense logistics and civilian travel What it takes to fund deep-tech aviation in a VC world built for SaaS Why the next big shift in aerospace will feel like a "ketchup bottle" moment: slow, then all at once How leadership and team "swing" drive complex innovation when the mission is bigger than any one person Guest Bio:  Marc Allen is the CEO of Electra Aero. At Electra, Marc is leading the charge in developing hybrid-electric Ultra Short aircraft to define the next level of seamless air travel connectivity. Through direct aviation, Electra is bringing air travel closer to where people live, work, and play - without airports, emissions, or noise. Marc joined Electra after a distinguished career at The Boeing Company, where he held several key leadership roles, including Chief Strategy Officer and Senior Vice President for Strategy and Corporate Development. He led the $5 billion customer finance business before spending nearly a decade on Boeing's Executive Council, where he served as President of Boeing International and oversaw critical enterprise-wide functions. As head of all venture businesses, he led Wisk Aero's restructuring and full acquisition, focusing on the future of autonomous flight and serving as Chairman. Other roles at Boeing included President of the Embraer Partnership, President of Boeing China, and General Counsel of Boeing International. To learn more, go to http://electra.aero/ or connect with Marc on LinkedIn. Host Bio: Craig Picken is an Executive Recruiter, writer, speaker and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years' experience as a decorated Naval Flight Officer - with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings - Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women's Association, and SOCAL Aviation Association. Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm, so our show reaches more people. Thank you!

The new space race is beginning; It’s not just between nations, but between commercial giants, shadow governments, and emerging players staking claims to orbits that are becoming dangerously crowded. The world is entering an era where control of the orbits will define global power.   What’s fueling this revolution isn’t just rocket science. It’s economic scale, exotic propellants, and a surge in miniaturized, high-functioning satellites. But with this explosion comes risk: orbital debris fields, collisions that could cripple constellations, and the looming specter of space warfare.   In this replay episode, Tory Bruno, CEO of United Launch Alliance—the man behind one of the most ambitious launch companies—joins me on The Aerospace Executive Podcast. He brings unparalleled insight into what’s next in space—from transforming ULA away from the use of Russian engines to pioneering modular rockets designed for both commercial and defense missions, he has done it all!   We cover the radical shifts reshaping orbital real estate, why small launch companies are failing despite demand, and why directed energy weapons in space might be the future of global defense.   You’ll also learn:   Why the true space cost revolution isn’t in launch, but in satellite architecture The hard truth about the “300% drop in launch prices” myth How mini satellites are creating billion-dollar constellations and traffic jams in orbit The quiet arms race: Anti-satellite weapons, Kessler syndrome, and debris fields that could end entire constellations Why lasers may be the only real answer to hypersonic threats Why methane propulsion is suddenly viable and what finally cracked the code Why the biggest competitive edge isn’t rockets, it’s people Guest Bio Tory Bruno is the President and CEO of United Launch Alliance (ULA), the largest rocket launch company in the world. Since taking the helm in August 2014, he has led ULA through a transformative era, retiring legacy systems, developing the next-generation Vulcan rocket, and expanding the company’s commercial and national security portfolio. Before ULA, Tory spent over three decades at Lockheed Martin, where he began his career as a propulsion engineer and steadily rose through the ranks to become a senior executive. He has deep expertise in advanced propulsion, hypersonics, missile defense, and launch systems, and is widely recognized as one of the aerospace industry’s most accomplished and forward-thinking leaders. Connect with Tory on LinkedIn. About Your Host Craig Picken is an Executive Recruiter, writer, speaker and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.    Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you! 

Most people think valuations come down to simple formulas: EBITDA multiples, discounted cash flows, and comps. The reality in aerospace and defense is far more complex.  That’s the reason so many owners and even investors misunderstand how acquisitions actually work in this industry. The truth is, not every buyer values the same business the same way. A small private buyer focuses on what they can finance. A mid-sized family-owned firm is driven by IRR and payback ratios.  Large public companies move based on stock price and accretion. And private equity? Despite having the cash, they often find themselves at a disadvantage, outbid, or outmaneuvered by buyers who can leverage existing capacity, sales teams, and operating talent. That’s also why talent is one of the most overlooked yet critical pieces of any deal. The quality of management, the depth of customer relationships, and even succession planning can add or strip away millions from a sale price. In this episode, sell-side banker Bill Alderman returns for his quarterly M&A check-in. We break down the five buyer mindsets that actually drive valuation, and how management succession becomes the most valuable “intellectual property” in a deal. You’ll also learn: The five buyer archetypes, and how each one calculates value differently Why “financeability” sets the floor and “EPS accretion” sets the ceiling The critical role of management teams and succession planning in deal pricing How strategic buyers use capacity, salesforce, and cost absorption to outbid private equity Why valuation isn’t just math, it’s psychology, timing, and leverage What today’s seller-friendly market means for owners looking to exit in the next 12–24 months   Guest Bio William H. Alderman (Bill) is the Founding Partner of Alderman & Company. Bill is an M&A specialist in the middle market of the aerospace and defense industry with over $2 billion in mergers and acquisition-related transactions to his name. Prior to founding Alderman & Company in 2001, Bill worked for 15 years on Wall Street and in the Aerospace & Defense Industry, principally on M&A transactions in the middle market. His employers included BT Securities, Fieldstone, and General Electric. Bill is a Securities Principal registered with the Financial Industry Regulatory Authority (“FINRA”) and has four securities industry licenses (Series 7, 24, 63, and 65). Bill is a commercial pilot and owns and operates a Cirrus SR22. URL Link: https://www.aldermanco.com/ LinkedIn - William Alderman https://www.linkedin.com/in/williamalderman/   About Your Host Craig Picken is an Executive Recruiter, writer, speaker and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.    Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you! 

In today’s private equity landscape, the CFO role has become one of the most difficult and misunderstood jobs in the business world. Everybody thinks it’s about reporting numbers, tracking financials, and cutting costs.  But in reality, being a PE-backed CFO means living at the intersection of cash obsession, strategy, and leadership, while managing more stakeholders than anyone else in the C-suite. Too many CFOs still act like historians, closing the books weeks late and delivering rearview-mirror data. Meanwhile, companies are flying blind, making decisions without visibility into the most critical factor: cash flow. With leverage levels higher than ever and private equity funds demanding fast exits, that blind spot isn’t just dangerous, it’s fatal. That’s why the best private equity CFOs don’t just manage numbers.  They manage people, processes, and partners. They accelerate closes, implement real-time reporting, and educate leadership teams on how every decision hits the cash cycle.  One of the best at articulating this reality is my guest, Bob Gold. Bob has been CFO at public companies, private firms, and multiple private equity-backed businesses.  What are the biggest financial challenges in private equity, and why are they so common? How can CEOs set their CFOs up for success?  In this episode, Bob and I break down what it really takes to succeed as a CFO in private equity, from managing cash and banking relationships to designing the right KPIs and building a team you can trust.   You’ll also learn: Why the first 90 days of a CFO’s tenure should be focused on cash and team assessment How extending customer terms or delaying closes can quietly destroy a business Why private equity’s reluctance to invest in technology creates hidden risks The difference between “knowledge” and “intellect” and why holding onto knowledge can sink a finance team How great CFOs educate divisional leaders on the financial impact of their decisions Why operating on “two clocks” is the real PE playbook What it takes to build a true CEO–CFO partnership that drives both strategy and execution Guest Bio Bob Gold is a CFO, operating partner, transformation expert, treasury and turnarounds specialist. He is a leader and finance executive with a track record of matching execution with strategy to drive improved results in global organizations. Bob led three private equity portfolio companies through successful exits. His industry expertise includes Industrial B2B, Defense Government Contracting, Defense Electronics, and Consumer Products. Bob is a key “influencer” using fact-based data and superior communication skills to drive business and financial strategy. He’s recognized for building highly responsive finance teams and leading process improvements supporting rapid growth and organizational change in complex international companies. As a CFO, Bob has transformed complacent finance organizations into business partners that are a sought-after resource and advisor to internal business partners. Connect with Bob on LinkedIn.    About Your Host Craig Picken is an Executive Recruiter, writer, speaker, and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.    Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you! 

In the defense industrial base, everyone knows the primes dominate the big programs, but that leaves a huge gap in the middle.  Startups don’t scale, the primes can’t move fast, and decades of consolidation have hollowed out the space in between. For years, everyone has recognized this gap, but no one has really solved it. The primes are getting bigger, the small innovators get attention but struggle to scale, and the middle tier keeps shrinking.  Meanwhile, the need for companies that can deliver speed, value, and scale has only grown more urgent. That’s starting to change. A new class of “next-gen primes” is emerging, companies that can think like small disruptors but deliver like established contractors. They’re leaner, faster, and built for the kind of problems the bigs won’t touch. One of the leaders of this movement is John Albers, retired Marine Colonel and now CEO of Albers Aerospace. After diving into entrepreneurship, he became a voracious student of business and started building what he calls a next-gen prime.  In less than a decade, he’s grown Albers Aerospace into a nine-site operation by combining organic growth, acquisitions, and a relentless focus on lean execution and leadership development. In this episode, John shares how Albers Aerospace is reshaping the defense industrial base, what it really takes to scale in this space, and why leadership culture, not technology alone, drives speed and impact.   You’ll also learn: How Albers Aerospace scaled from a one-man shop to 9 sites through a mix of organic growth and acquisitions Why humility and getting your “rear end kicked” is often the most important leadership lesson How over-consolidation at the top has created a roll-up opportunity for mid-tier defense companies Why financial literacy and leadership training are as important as operations in a fast-growing business Why speed, lean execution, and value, not allowable costs, win contracts in today’s environment How John thinks about building impact for the warfighter and the industrial base, not just chasing dollars   Guest Bio John Albers is the founder and CEO of Albers Aerospace, a Dallas-area defense and aerospace company organized into three business units. Since its founding in 2015, Albers Aerospace has grown rapidly through acquisitions and organic expansion, delivering innovative products and services to today’s warfighter. A retired U.S. Marine Corps Colonel with 24 years of active duty, John served as a fleet pilot, flight instructor, and developmental test pilot. As an entrepreneur and senior executive, John brings more than 35 years of leadership and operational experience across defense acquisition and private industry. He thrives in fast-paced environments, excels at building and aligning teams, and is deeply committed to developing people while driving organizational growth. Visit https://www.albers.aero/ and connect with John on LinkedIn.    About Your Host Craig Picken is an Executive Recruiter, writer, speaker and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.    Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you! 

In aerospace and defense, every breakthrough is built on material science. From the alloys powering jet engines to the composites shielding spacecraft, innovation isn’t just about design—it’s about what the machines are made of.  Yet the way we discover and scale new materials hasn’t meaningfully changed in more than a century. Research cycles drag on for decades, costs skyrocket, and supply chains remain fragile.  Meanwhile, other nations have poured resources into material science—developing advanced alloys, stockpiling rare earths, and in many ways, weaponizing the periodic table. That leaves the U.S. and its allies with a hard question: how do you compete with adversaries accelerating discovery while you’re trapped in outdated cycles? The future of hypersonics, space defense, and even energy security depends on faster, smarter breakthroughs in material science. That’s where Joseph Krause and Radical AI come in. The New York–based startup is combining AI, autonomy, and materials expertise to compress R&D timelines from years to weeks—and slash costs along the way. In this episode, Joseph shares how a cold call to a VC led to the founding of Radical AI, why aerospace innovation is fundamentally a materials problem, and what’s at stake in a world where control of supply chains may decide the balance of power. You’ll learn: How Radical AI’s “materials flywheel” is redefining discovery and deployment Why rare earths and advanced alloys are now a geopolitical flashpoint What it takes to build a deep-tech culture driven by speed and mission Joseph’s journey from PhD researcher to founder—and how it could reshape the future of defense and space   Guest Bio Joseph Krause is the co-founder and CEO of Radical AI. Radical AI is reinventing the way materials science is done and designing new materials for the world’s needs. Harnessing the most advanced AI discovery engine and full-scale laboratory automation, they’re pioneering a bold new era of innovation, accelerating the development of materials that transform human development. Radical AI is made up of a world-class group of materials scientists, physicists, engineers, and entrepreneurs. Visit https://www.radical-ai.com/, email joseph@radical-ai.com, or connect with him on LinkedIn.    About Your Host Craig Picken is an Executive Recruiter, writer, speaker and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.    Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you! 

In aviation, the most transformative breakthroughs often take place far above the commercial flight lanes, and far below the public radar.  But in today’s defense and aerospace economy, those breakthroughs are harder than ever for small companies to bring to life.  Government budgets overwhelmingly favor the largest primes. Smaller, more agile innovators are forced to bankroll their own R&D while competing against firms with deeper pockets, stronger political clout, and guaranteed contracts.  Venture-style “build-to-flip” incentives tempt some to chase quick exits over long-term quality. Even when technology works, commercial adoption can stall as customers demand bespoke designs for each use case. Swift Engineering’s record-breaking high-altitude glider is one such breakthrough fighting its way through that gauntlet.  Designed to fly at 67,000 feet for days at a time, this ultra-light, solar-powered aircraft can do what satellites can’t: hold a fixed position, deliver real-time intelligence, and land on a runway. At just 1% of the cost. For Hamed Khalkhali, Swift’s president, the innovation story isn’t just about engineering excellence. It’s about surviving and thriving in a system that often seems built for incumbents.  In this conversation, he unpacks the strategic, funding, and talent challenges that determine which companies survive in the next wave of aerospace innovation.   You’ll also learn: High-altitude, solar UAV that outperforms satellites at 1% of the cost. Why system integration is aerospace’s next frontier. The funding squeeze forcing small firms to self-finance R&D. The “moral accuracy” gap shaping U.S. drone strategy. How fresh grads can drive bigger breakthroughs than veterans. Keeping start-up creativity alive in bigger organizations. Guest Bio Hamed Khalkhali is the President of Swift Engineering and an adjunct professor at Cal Poly Pomona, with more than 25 years of experience spanning technical innovation, leadership, and cross-disciplinary communication. He brings over a decade of expertise in system-level design for Fly-by-Wire flight control systems with the highest safety standards (FDAL-A), along with deep knowledge of ARP-4752, DO-160, and DO-178 certification processes. Throughout his career, Hamed has led high-performance engineering organizations, managing teams across mechanical, electrical, verification and validation, manufacturing, AI, machine learning, quality control, supply chain, and R&D. He is known for integrating manufacturing engineering into the earliest stages of design, optimizing products through rigorous processes such as Six Sigma, Lean, Kaizen, and design-for-manufacturability. His leadership approach blends technical precision with a focus on systems integration, efficiency, and innovation in both aerospace and defense. Connect with Hamed on LinkedIn.    About Your Host Craig Picken is an Executive Recruiter, writer, speaker and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.    Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you! 

As AI continues to reshape everything from medicine to flight decks, the question isn’t whether it’s coming to your organization; it’s whether leaders are ready for it.  The future belongs to executives who can blend critical thinking with adaptive leadership, who can shed old assumptions and operate ahead of the curve.  According to psychologist and organizational strategist Eric Olson, the most crucial skill for tomorrow’s leaders is resilience rooted in clarity, connection, and courageous action. What’s driving this leadership revolution isn’t just digital disruption; it’s cognitive disruption. Across industries, AI is exposing the limits of traditional thinking and highlighting the cost of bias, rigidity, and ego-driven leadership. In this high-stakes environment, emotional intelligence, adaptability, and mission-first thinking are no longer soft skills; they’re survival tools. Eric Olson, PhD, is the founder of EMO Advisors and a trusted advisor to leaders at Microsoft, Hawaiian Airlines, Ford, and Spirit Airlines. In this episode, we unpack the emerging playbook for 21st-century leadership, from the cockpit to the boardroom.  You’ll hear how elite teams regulate for excellence, and what over 1,000 pilots revealed about what makes teams thrive under pressure.  You’ll also learn: Why past performance fails in AI-disrupted environments, and what to assess instead The surprising truth about pilot personalities  How Microsoft is reengineering its executive ranks to lead in an AI-first world What the Norwegian Sovereign Fund did to eliminate bias and boost performance Why effective leaders must press pause during crises to regain clarity How self-regulation and cross-functional trust reduce catastrophic errors in high-stakes teams The hidden costs of amygdala-driven leadership, and how to train for resilience How Delta Airlines is using AI to extract more wallet share, and why that's just the beginning The “Olson Resilience Model” that Fortune 50 teams use to perform under pressure   Guest Bio Eric Olson, PhD, is the founder of EMO Advisors. He develops leaders and management teams to improve business performance through a growth mindset. He builds resilience with senior teams using strategic planning offsites, culture change, innovation labs, team coaching, and other methods. Eric’s client list includes Microsoft, Hawaiian Airlines, Ford, GitHub, IBM, The Coca-Cola Company, Disney, and Novartis, among many others. He works in the digital transformation space (Cloud + AI, mixed reality, engineering, UX, devices, etc.). Eric coaches leaders to build highly engaging cultures through a blend of financial, organizational, and psychological insights. Connect with Eric on LinkedIn.  About Your Host Craig Picken is an Executive Recruiter, writer, speaker and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.    Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you! 

Commercial aviation is booming, but not for the reasons you'd expect. While the media fixates on tariffs, inflation, and geopolitical risks, industry insiders are seeing a very different picture. Airline profits are up, demand is strong, and aircraft backlogs are stretching eight years into the future. But underneath the optimism is something more nuanced: a market defined by high-cost inputs, a scramble for qualified labor, and a reshuffling of what counts as “value” in M&A. In this episode of The Aerospace Executive Podcast, M&A specialist Bill Alderman returns for his quarterly check-in on the state of the aerospace and defense sector.  We unpack the surprising resilience of commercial aviation, why job shops are suddenly hot properties, and the real reasons behind rising multiples in the MRO and manufacturing space. Key Topics Covered: Why Job Shops Are Suddenly a Seller’s Market The Real Tariff Story MRO’s Growth May Have Peaked  Delta’s Blowout Quarter and What It Signals  Good Accounting is Deal Fuel Defense Two Speeds, One Future Guest Bio William H. Alderman (Bill) is the Founding Partner of Alderman & Company. Bill is an M&A specialist in the middle market of the aerospace and defense industry with over $2 billion in mergers and acquisition-related transactions to his name. Prior to founding Alderman & Company in 2001, Bill worked for 15 years on Wall Street and in the Aerospace & Defense Industry, principally on M&A transactions in the middle market. His employers included BT Securities, Fieldstone, and General Electric. Bill is a Securities Principal registered with the Financial Industry Regulatory Authority (“FINRA”) and has four securities industry licenses (Series 7, 24, 63, and 65). Bill is a commercial pilot and owns and operates a Cirrus SR22. URL Link: https://www.aldermanco.com/ LinkedIn - https://www.linkedin.com/in/williamalderman/ About Your Host Craig Picken is an Executive Recruiter, writer, speaker, and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years’ experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.      Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you! 

The new space race is beginning; It’s not just between nations, but between commercial giants, shadow governments, and emerging players staking claims to orbits that are becoming dangerously crowded. The world is entering an era where control of the orbits will define global power. What’s fueling this revolution isn’t just rocket science. It’s economic scale, exotic propellants, and a surge in miniaturized, high-functioning satellites. But with this explosion comes risk: orbital debris fields, collisions that could cripple constellations, and the looming specter of space warfare.  Join Tory Bruno, CEO of United Launch Alliance, the man behind one of the most ambitious launch companies, and me on this episode of The Aerospace Executive Podcast, Tory bring unparalleled insight into what’s next in space - from transforming ULA away from use of Russian engines to pioneering modular rockets designed for both commercial and defense missions, he has done it all! We cover the radical shifts reshaping orbital real estate, why small launch companies are failing despite demand, and why directed energy weapons in space might be the future of global defense.   You’ll also learn: Why the true space cost revolution isn’t in launch, but in satellite architecture The hard truth about the “300% drop in launch prices” myth How mini satellites are creating billion-dollar constellations and traffic jams in orbit The quiet arms race: Anti-satellite weapons, Kessler syndrome, and debris fields that could end entire constellations Why lasers may be the only real answer to hypersonic threats Why methane propulsion is suddenly viable and what finally cracked the code Why the biggest competitive edge isn’t rockets, it’s people   Guest Bio Tory Bruno is the President and CEO of United Launch Alliance (ULA), the largest rocket launch company in the world. Since taking the helm in August 2014, he has led ULA through a transformative era, retiring legacy systems, developing the next-generation Vulcan rocket, and expanding the company’s commercial and national security portfolio. Before ULA, Tory spent over three decades at Lockheed Martin, where he began his career as a propulsion engineer and steadily rose through the ranks to become a senior executive. He has deep expertise in advanced propulsion, hypersonics, missile defense, and launch systems, and is widely recognized as one of the aerospace industry’s most accomplished and forward-thinking leaders. Connect with Tory on LinkedIn. About Your Host Craig Picken is an Executive Recruiter, writer, speaker and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women’s Association, and SOCAL Aviation Association.    Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you!