Posted on 11/22/2010 11:28:31 AM PST by CholeraJoe
SEATTLE (AP) — Boeing Co. said Monday it has agreed to acquire Summit Aeronautics Group, a Montana manufacturer of titanium and other hard metal structures for commercial and military aircraft.
Financial terms of the deal weren't disclosed.
Read more: http://www.kitsapsun.com/news/2010/nov/22/boeing-to-buy-montana-aircraft-part-maker-summit/#ixzz162Xsgu00
Interesting. Boeing has been making moves around vertical integration over the last few years.
Summitt’s niche is high precision titanium machining. For a period in 2005 and 2006, they were the number 1 mover of titanium on the planet.
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