Elbit Finalizes M7 Acquisition

 - December 29, 2010, 6:20 AM

Elbit Systems of America has completed its $85 ­million purchase of San Antonio, Texas-based aircraft ­services provider M7 Aerospace. The company, which ­provides aerostructure manufacturing and MRO capabilities, is also the current type ­certificate holder for the former Fairchild Metro and Merlin turboprops. “This acquisition complements the breadth and depth of Elbit Systems of America’s experience in the support and maintenance of aircraft,” said president and CEO Raanan Horowitz.