TechnipFMC plc's Frontier Technology Inc. Appoints New CEO to Drive Defense Innovation

Leadership Transition at Frontier Technology Inc. Signals Commitment to Innovation in Defense Sector

In a significant development within the defense technology landscape, Frontier Technology Inc. (FTI) announces the promotion of Jose Hidalgo to CEO, succeeding Ron Shroder, who transitions to the role of Chairman of the Board. Hidalgo, who has served as the Chief Financial Officer since 2018, has been instrumental in evolving FTI's business model and enhancing collaboration with key stakeholders, particularly in addressing the intricate challenges of mission data. His leadership marks a strategic shift as the company seeks to strengthen its position within the defense sector, particularly in light of recent advancements in artificial intelligence and machine learning.

Under Hidalgo's guidance, FTI has made substantial strides in product development, leveraging AI and predictive capabilities across various operational domains, including space operations and cyber initiatives. The company has also established two technology centers of excellence in 2023, aimed at fostering deeper collaboration with the Department of Defense (DoD) and other critical partners. This initiative not only underscores FTI's commitment to innovation but also enhances its ability to deliver mission-ready solutions that meet the evolving needs of defense operations. Hidalgo emphasizes the importance of providing reliable data solutions to warfighters, which are essential for successful mission execution.

FTI's reputation in the defense sector is further solidified by its recent achievements in securing positions on significant Indefinite Delivery/Indefinite Quantity (IDIQ) contracts with the Space Rapid Capabilities Office and the U.S. Air Force. With nearly four decades of innovation and over $200 million invested in research and development, FTI remains a pivotal player in delivering rapid solutions across 34 states and seven facilities, catering to the DoD, Intelligence Community, and other federal agencies. The transition in leadership is not just a change at the top; it represents a continuing commitment to innovation and excellence in supporting critical defense missions.

In addition to his new role, Hidalgo brings a wealth of experience from his previous position as vice president of accounting and treasury at Sierra Nevada Corporation, one of the key players in aerospace and defense. His familiarity with the industry's financial and operational aspects positions him well to guide FTI through its next phase of growth and transformation.

As FTI embarks on this new chapter, the company's focus on enhancing decision-making capabilities through deep data expertise and advanced technology remains at the forefront of its mission. The leadership change reflects FTI's dedication to evolving its offerings and maintaining its status as a trusted partner in defense technology. More details about FTI's initiatives and capabilities can be found at www.ftidefense.com.