MRO provider ST Engineering has significantly enhanced its production capabilities by agreeing to acquire nacelle manufacturer MRAS from GE for $630 million. The purchase price translates to 10 times MRAS’ earnings before interest, tax, depreciation and amortization, and will be made through Vision Technologies Aerospace, the Singaporean company’s US subsidiary. ST Engineering’s existing OEM capabilities include the manufacture of composite floor panels, so a move ...

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