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VSE ( (VSEC) ) has provided an announcement.
VSE Corporation has announced its acquisition of Kellstrom Aerospace Group, a move that significantly strengthens its position in the growing commercial aerospace engine aftermarket. This strategic acquisition aligns with VSE’s core OEM-centric strategy and is expected to yield substantial sales and operational synergies, enhancing product offerings and expanding global reach. The deal, valued at around $200 million, is anticipated to close by the end of 2024, subject to regulatory approval and customary closing conditions.
For a thorough assessment of VSEC stock, go to TipRanks’ Stock Analysis page.
