General Electric (GE) is expected to announce a $4 billion purchase of Avio on Dec. 21, adding its long-time supplier and frequent risk-sharing partner in mechanical power transmissions and low-pressure turbines to a growing list of recent acquisitions and joint ventures designed to strengthen GE Aviation’s control over technology development. GE’s purchases of Avio components for civil and military engines makes it the Italian manufacturer’s biggest customer, but Avio has a customer ...
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