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  • Friday, April 26, 2024

Boeing Acquires Summit Aeronautics

Boeing (NYSE: BA) has a deal set to acquire Montana-based Summit Aeronautics Group.

The firm carries 135 employees to “manufacture titanium and other hard metal structures for commercial and military aircraft.”

Terms of the deal were not disclosed.

The two firms have enjoyed successful partnerships in the past.

“Bringing this successful partner and its talented employees into Boeing provides additional flexibility to support increased production rates, ” said Ross Bogue, vice president and general manager of Boeing Fabrication. “It grows our capacity to manufacture titanium and other hard metals structures in support of current and future airplane production requirements.”

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