GE Transportation Aircraft Engines, through Unison Industries, a subsidiary of GE Engine Services, has signed a definitive agreement to purchase Aircraft Parts. The transaction, the terms of which were not disclosed, is pending necessary regulatory approval and is expected to be complete in the first quarter of this year. Aircraft Parts is a privately held company that manufactures and repairs aircraft electrical systems, including starter-generators and generator control units for business/regional jet, helicopter and military applications. Headquartered in Long Island, N.Y., the company also has a service center in Wichita.
GE Transportation to acquire Aircraft Parts Corp.
- December 11, 2007, 6:05 AM