Boeing to acquire Titanium supplier (US)

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(Credit Photo @ Summit Aeronautics Group)

(Fr)

L’avionneur américain a annoncé ce lundi l’acquisition de Summit Aeronautics, un sous-traitant travaillant sur le 787 et sur le 747-8. Basé dans le Montana, Summit emploie 135 personnes et fabrique des structures en titane et en métaux durs, précise Boeing dans un communiqué. “Faire venir ce partenaire performant et ses employés talentueux au sein de Boeing favorise davantage de flexibilité pour permettre des cadences de production accélérées”, a déclaré le directeur général de Boeing Fabrication, Ross bogue, cité dans le communiqué.Les conditions de l’acquisition n’ont pas été précisées.

(US)

Boeing said Monday it has agreed to acquire Summit Aeronautics Group, a supplier of titanium and hard metal structures for Boeing aircraft including the 787. Terms were not disclosed. Helena, Montana-based Summit, which employs 135, works on 747-8 fail-safe bars, 787 door edge frames and 767 main-landing-gear beams.”After the transaction, Summit will continue its work on these Boeing programs and manufacture other machined parts for the 787,” Boeing said in a statement. “Summit also will continue to support existing military programs.”VP and GM-Boeing Fabrication Ross Bogue said bringing Summit into the fold “provides additional flexibility to support increased production rates. It grows our capacity to manufacture titanium and other hard metals structures in support of current and future airplane production requirements.” The manufacturer said it anticipates the transaction will close in the fourth quarter and “is not expected to have a material impact on Boeing’s 2010 or 2011 financial results.”Boeing Commercial Airplanes President and CEO Jim Albaugh said last month that the company, which premised 787 manufacturing on a wide-ranging global supply chain, is now interested in pulling more engineering work “back inside”

Source : Le Fiagro  & ATW

Posted in Strategy.

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