What Precision Aircraft Solutions does

Precision Aircraft Solutions is a private aerospace company headquartered in Beaverton, Oregon, that designs, certifies, manufactures, and supports passenger-to-freighter (P-to-F) aircraft conversions. The company traces its origins to Precision Conversions, founded in 2001 under the Erickson Group Ltd. umbrella, and was reorganized into Precision Aircraft Solutions with five operating subsidiaries (Precision Conversions, Precision Engineering, Precision Materials and Logistics, Precision Program Development, Precision Aviation Resources) in 2014. Its flagship current-generation product is the A321-200PCF Freighter conversion (FAA STC ST02716SE), with the legacy B757-200PCF Freighter and B757-200PCC COMBI programs representing the bulk of historical deliveries (120+ B757 conversions in active service). A specialized MD87 Fire Bomber aerial firefighting conversion rounds out the special-mission portfolio.

The technical stack combines proprietary structural engineering, Supplemental Type Certificate development (originally attained for the B757 through reverse engineering in 2005), and vertically integrated ISO 9100 / FAA PMA approved manufacturing covering raw material sourcing, 3- and 4-axis CNC machining, cargo door and 9G barrier fabrication, electrical harness design, tooling, and CMM/NDT inspection. Conversion installations are executed through authorized MRO channel partners — HAECO Xiamen, HAECO Americas (Lake City, Florida), NIAR WERX (Wichita State University), and SMECO (Chengdu, China) — rather than owned facilities, allowing global throughput without facility capex. Continued airworthiness services (AMOC development, technical publications, 24/7 AOG support with 4-hour response, spare parts) provide recurring aftermarket revenue.

Revenue is generated through one-time conversion fees and installation kit sales to authorized MRO facilities, supplemented by continued airworthiness support contracts and spare parts sales. Pricing is quote-based and not publicly disclosed. Customers include global cargo operators (DHL, SF Airlines, Cargojet, SmartLynx, Air Transport International, China Cargo Airlines, Ethiopian Cargo, YTO Airlines, Air China Cargo, Blue Dart), lessors (AerSale, Zetland Capital, Greenwich Highland Aviation, Aero Capital Solutions, Cross Ocean Partners), and trading/remarketing firms. In February 2026, Precision acquired ATSG's 49% stake in the 321 Precision Conversions joint venture, becoming sole owner of the A321-200PCF program and simplifying the corporate structure ahead of the next growth phase.

Name

Precision Aircraft Solutions

Legal name

Precision Aircraft Solutions LLC

Website

https://precisionaircraft.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Precision Aircraft Solutions is a Beaverton, Oregon-based aerospace company that designs, certifies, and supports narrowbody passenger-to-freighter conversions (A321-200PCF, B757-200PCF, MD87 fire bomber) for global cargo airlines, aircraft lessors, and MROs through a network of authorized conversion partners.

Ownership category

akta.pro rank

Product category

Aircraft Passenger-to-Freighter Conversions and Modifications

NAICS

Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413), Aircraft Manufacturing (336411)

SIC

Aircraft Parts & Auxiliary Equipment, Nec (3728), Aircraft & Parts (3720)

akta.pro primary industry

Fixed-Wing Aircraft Conversion & Modification (STC/Completions) (IMABAAAI)

akta.pro secondary industries

Modifications, STC & Retrofit Integration (IMABALAM), MRO Engineering, Technical Publications & CAMO Support (IMABALAO), Modification, Retrofit & Engineering (STC, Avionics Upgrades, Conversions) (TLAKAJAI)

Keywords

• Passenger-to-freighter conversions
• Aircraft modification services
• Supplemental type certificates
• Conversion kit manufacturing
• Cargo conversion programs

Headquarters

HQ city

Beaverton

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Aircraft Conversion Services: Precision designs, engineers, certifies, and provides conversion kits for passenger-to-freighter aircraft conversions. Revenue is generated through conversion fees and sale of installation kits to authorized conversion facilities. The company delivers turn-key conversion solutions including STC certification, mod kits, and continued airworthiness support.
2. Continued Airworthiness Support: 24/7 technical support services including Aircraft On Ground (AOG) support, technical publications, AMOC development, warranty claims handling, and spare parts sales. Revenue generated through support contracts and parts sales.
3. Component and Kit Manufacturing: PMA-approved manufacturing of conversion components and installation kits for shipment to approved installation facilities worldwide. Also provides small-batch specialty components for PMA customers and AMOC repairs. Revenue from parts and kit sales.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Precision Aircraft Solutions designs, certifies, and supports passenger-to-freighter aircraft conversion programs for narrowbody airliners, notably the A321-200PCF and B757-200PCF Freighter, and sells conversion kits and installation services through a global network of authorized MRO partners. The company provides end-to-end aircraft modification services covering project feasibility, design and engineering, STC certification, ISO 9100 / FAA PMA parts manufacturing, and 24/7 continued airworthiness and AOG support.

Product overview

Precision Aircraft Solutions is a world leader in aircraft cargo conversions and special mission modifications, operating through a platform of integrated services. The core product portfolio includes the A321-200PCF Freighter (current flagship conversion program) and legacy B757-200PCF Freighter and B757-200PCC COMBI programs. The company offers end-to-end services encompassing project feasibility analysis, design/engineering/certification, manufacturing/material provision, cargo conversion execution, and continued airworthiness support. A joint venture, 321 Precision Conversions (now wholly owned), manages the A321-200PCF program globally. Services are delivered through an ISO 9000/FAA PMA approved manufacturing operation near Portland, Oregon, with conversion kit installation performed at authorized MRO facilities worldwide including HAECO Xiamen, HAECO Americas, NIAR WERX, and SMECO.

Differentiator

Problem solved

Functional benefit

Brands

• B757-200PCF Freighter: Legacy passenger-to-freighter conversion program for Boeing 757-200 aircraft
• B757-200PCC COMBI
• A321-200PCF Freighter
• MD87 Fire Bomber Conversion

Products and services

• A321-200PCF Freighter Conversion Passenger-to-freighter conversion program for Airbus A321-200 aircraft, providing the lowest operating empty weight and lowest carbon footprint of any available A321-200 freighter conversion. Features 14 A-Code 88x125-inch main deck positions, 10 ULD positions in the lower hold, TELAIR main deck cargo loading system, no permanent ballast requirement, 59,680 lbs highest standard payload, and 7,963 cu ft total cargo volume. Certified by FAA (STC ST02716SE), EASA (STC 10083629), CAAC (VSTC1084), and Malaysian CAAM.
• B757-200PCF Freighter Conversion World's first 15-pallet B757-200 passenger-to-freighter conversion. Certified by FAA, EASA, CAAC, Brazil, Russia, and Canada. Offers the lowest operating empty weight in its class (115,500–116,000 lb, 1,500–1,800 lb lighter than competition) and highest available payload of up to 84,000 lbs.
• B757-200PCC COMBI Conversion Combined passenger and cargo conversion for the Boeing 757-200 offering 10 full cargo positions plus seating for 54 passengers. Only certified 757-200 Combi variant to include winglets, with the lowest operating empty weight in production and highest payload capability in its class.
• Project Feasibility Analysis Program feasibility and risk analysis services providing rough order of magnitude (ROM) work scope projections, production schedules, cost estimates, and market analysis to mitigate program risk and lower cost for customers evaluating aircraft conversion or modification programs.
• Design, Engineering & Certifying Services Comprehensive aircraft engineering services covering new product development, aircraft mission conversions, modifications, service life extensions, and FAA STC/AMOC and EASA certification. Integrated start-to-finish expertise from concept through delivery for airlines, MROs, and aircraft manufacturers.
• Manufacturing & Material Services Vertically integrated ISO 9100 / FAA PMA approved manufacturing from raw material sourcing to fabrication to finished product, packaging, and shipping. Includes complex CNC (3 and 4 axis) machining, cargo doors and heavy structural components (9G barriers), electrical wiring harness design and fabrication, tooling design and fabrication, CMM and NDT inspection, turn-key installation kit assembly, small-batch specialty PMA parts, AMOC repairs, and support logistics.
• Continued Airworthiness & 24/7 AOG Support Programs Complete continued airworthiness services for legacy and production aircraft, including Alternate Means of Compliance (AMOC) solutions, technical manual updates, spare parts support, warranty claims handling, engineering repair support, and 24/7 AOG availability with a 4-hour response guarantee.

Quantifiable outcome

• 3,000+ lbs lighter OEW than closest A321 competitor
• +7 more outcomes

Named customers17 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered regional and core.

• SMECO (Sichuan Aircraft Maintenance Engineering Co., Ltd.)regionalChannel Partner/ Reseller/ Distributor · 1 March 2023SMECO is a Chinese MRO provider performing A321-200PCF conversions in Chengdu, China. SMECO holds maintenance qualification licenses from CAAC, FAA, EASA, JMM and others. The company performs conversion and heavy maintenance activities for SAID's A321-200PCF program, including the first B-registered CAAC aircraft conversion.
• NIAR WERX (Wichita State University)coreStrategic or Co-development Partner · 1 June 2022NIAR WERX, the aerospace research arm of Wichita State University, joined Precision for A321, 757, and MD-87 passenger-to-freighter conversions. The partnership adds an expansive modification center to Precision's installation facility portfolio. Starting 2023, the facility can perform up to 24 conversions per year. The partnership includes the 'Get to WERX' earn-and-learn program employing engineers and engineering students.
• Air Transport Services Group (ATSG)coreStrategic or Co-development Partner · 1 August 2017ATSG is the joint venture partner in 321 Precision Conversions, established in August 2017 to operate the A321-200PCF freighter conversion program. ATSG held a 49% stake through its subsidiary Cargo Aircraft Management (CAM). In February 2026, Precision acquired ATSG's 49% stake, making Precision the sole owner of the joint venture. ATSG will continue marketing A321 converted freighters as part of its leasing portfolio.
• HAECO Group (HAECO Xiamen, HAECO Americas)coreChannel Partner/ Reseller/ DistributorHAECO Group is a leading MRO provider and primary conversion partner for Precision Aircraft Solutions. HAECO Xiamen has partnered with Precision since 2009 on B757-200PCF conversions (completed 26+ conversions) and expanded to A321-200PCF conversions starting 2022. HAECO Americas provides conversion services at Lake City, Florida. The partnership enables global conversion capacity with facilities in North America and Asia.
• SAID (Sichuan Aviation Industry Development Co., Ltd.)regionalChannel Partner/ Reseller/ DistributorSAID is a joint venture between Sichuan Airlines, Sichuan Development Aviation Industry Investment Group, and Sichuan Airlines Logistics. SAID committed to the A321-200PCF conversion program and inducted the first B-registered CAAC aircraft (MSN 1926) in March 2023 for conversion by SMECO. SAID is the first Chinese A321-200PCF customer and operator.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Elbe Flugzeugwerke (EFW): Joint venture between Airbus and ST Engineering that develops and produces A321P2F and A330P2F passenger-to-freighter conversions. EFW is Precision's most direct A321 competitor and the market-share leader in A321 conversions, holding its own STC and operating dedicated conversion lines in Dresden and Tianjin.
• ST Engineering: Singapore-based aerospace group with a passenger-to-freighter conversion business (ST Engineering Aircraft Maintenance) covering A321, 737, and other platforms. Directly competes with Precision in A321-200PCF via EFW and offers adjacent 737-800BCF services, leveraging global MRO footprint.
• Israel Aerospace Industries (IAI) Aviation Group: Through its Bedek Aviation Division, IAI performs 737-700/800 and 777-300ER passenger-to-freighter conversions. Comparable in STC-led, program-based freighter conversion model serving global cargo airlines, though focused on Boeing platforms rather than A321/B757.
• PEMCO World Air Services: Tampa-based MRO performing 737-300/400/700/800 passenger-to-cargo conversions (Quick Change and full freighter). Direct competitor in narrowbody freighter conversion with similar STC-based, third-party-MRO-supported model targeting global cargo operators.

Broad incumbents

• Boeing Global Services: OEM-licensed provider of 737-800BCF conversions and the dominant OEM-backed freighter conversion program globally. Competes indirectly with Precision's A321/B757 offerings through its 737BCF footprint and broad services portfolio.
• Lufthansa Technik: Major European MRO group that performs aircraft modifications and special-mission conversions alongside its maintenance operations. Comparable as a vertically integrated aerospace engineering, certification, and conversion services provider, though much larger and broader in scope.
• Commercial Aircraft Corporation of China (COMAC): Chinese state-owned aircraft OEM developing indigenous narrowbody (COMAC C919) platforms and adjacent services ecosystem. Represents a long-term structural competitive risk to Western STC-based conversion programs in the China market, particularly relevant given Precision's CAAC certification investments.

Emerging players

• HAECO Group: Hong Kong-headquartered MRO provider and Precision's primary global conversion partner (HAECO Xiamen and HAECO Americas). While primarily a partner, HAECO also performs independent conversion programs and holds related STCs, making it both a channel and a partial competitor in the freighter conversion ecosystem.
• Adria Tehnika: Slovenia-based MRO with passenger-to-freighter conversion capability for narrowbody aircraft serving European and regional cargo operators. Smaller player with comparable engineering-led conversion model and channel-partner distribution approach.

Regional players

• GMF AeroAsia: Indonesia-based MRO that has performed freighter conversion work, primarily for Garuda Indonesia and regional cargo operators. Provides geographic complement to Precision in Southeast Asia and represents an adjacent comparable in regional-scale conversion capability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/precision-conversions

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Precision Aircraft Solutions