VT Aerospace Nixes Pemco Acquisition

 - August 8, 2012, 1:37 PM

Vision Technologies Aerospace has terminated its asset purchase agreement with Pemco World Air Services, as reported in AIN in June. VT Aerospace intended to acquire Pemco’s Tampa aerospace facility and other assets. The decision to terminate the agreement was made after the seller could not fulfill certain conditions before the closing deadline. Alexandria, Va.-based VT Aerospace is the aerospace division of Vision Technologies Systems.