Ernie Chung

Ernie Chung specializes in the space value chain, with multiple decades of experience in the domain. Mr. Chung provides a broad range of transaction related services to investors and corporate M&A teams focusing on the space sector, including target identification, commercial and operational due diligence, post-merger integration planning and merger execution.

With over 20 years of consulting and industry experience, Mr. Chung has led numerous corporate transformations in the arena and has worked with nearly all the major satellite OEMs in North America and Europe.

Mr. Chung’s functional expertise includes technical cost reduction/design to value, supply chain transformation and distressed program turnaround. He has also provided the domain expertise for major bankruptcy and restructuring cases, including Intelsat and Avanti. Mr. Chung has served in interim executive roles including as a program director for a major development shipbuilding program.

In addition to Mr. Chung’s aerospace and defense experience, he has worked with many other high-tech and highly engineered products including home automation, IoT, energy efficiency, nuclear power generation and power sports. He was the acting COO/CFO of a home automation startup that was acquired by Nest Lab.

Relevant Experience:

• Subject matter expert for the financial advisor of an interested debtor party in the Intelsat bankruptcy case
• Led a technical, financial, operational due diligence and subsequent merger integration for an on-orbit services provider acquiring a Middle East asset
• Led a restricted commercial and technical due diligence engagement for a private equity client investing in an NGSO constellation
• Developed revenue projections for a UK-based FSS satellite operator’s debt restructuring
• Led a technical margin management transformation for a Franco-Italian OEM
• Led a supply chain transformation for a major North American satellite OEM; delivered over 20% savings on external direct material spend
• Turned around a distressed Italian Earth observation program through implementation of earned value management