The Alexandria, Virginia-based defense contractor said Monday it also concluded the $30 million sale of Desser Aerospace’s Seginus Aerospace, AOG Aviation Spares and DAC Engineered Products subsidiaries to aerospace and defense components provider Loar Group.
VSE announced in May the deal to acquire Desser Aerospace, which offers component maintenance, repair and overhaul services to customers in the U.S., the U.K. and Australia.
John Cuomo, president and CEO of VSE, said adding Desser Aerospace’s distribution and repair capabilities to the company’s aftermarket business broadens its product portfolio and expands its reach into international markets.
Jones Day acted as legal counsel to VSE while Jefferies served as financial adviser to Desser Aerospace in the transaction.
The Defense Health Agency awarded a combined $8.07 billion in contracts to Humana Government Business, Evernorth Federal Services and Ipsos Public Affairs…
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
