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Boeing Closes Summitt Purchase

Boeing (NYSE: BA) has finalized its purchase of Mont.-based Summit Aeronautics Group.

Terms of the deal were not disclosed.

According to the firm, “the newly acquired business will be named Boeing Helena. It will become part of Boeing Fabrication, a division of Boeing Commercial Airplanes. Boeing Helena will manufacture titanium and other hard-metal structures for Boeing commercial aircraft including the 747-8, 767 and 787.”

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