Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X I don't want to receive the latest GovCon industry news!

Bloomberg: Veritas Capital in Lead to Buy Airbus Maintenance, Repair Business

acquisitionNew York City-based private equity firm Veritas Capital has emerged as the leading bidder to purchase Airbus Group’s Vector Aerospace aircraft maintenance and repair business, Bloomberg reported Friday.

Kiel Porter and Scott Deveau write Veritas might combine Vector with StandardAero — an aircraft services company the investment firm acquired in July 2015 for $2.1 billion.

Airbus could receive up to $800 million in a sale of the Vector business, according to Bloomberg.

Toronto-based Vector Aerospace carries out maintenance, repair and overhaul work for government agencies, militaries and commercial sector customers worldwide.

Veritas owns U.S. government contractors Alion Science and Technology, KeyPoint Government Solutions and Vencore.


GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles