Boeing (NYSE: BA), StandardAero and AAR Corp. (NYSE: AIR) have secured one-year contract modifications worth $412.9M combined to continue providing support services for P-8A Poseidon maritime patrol planes of the U.S. Navy, Australia and other foreign military customers.
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The Carlyle Group has completed its acquisition of aircraft maintenance, repair and overhaul services provider StandardAero from Veritas Capital for an undisclosed amount. The deal was first announced in December 2018. Ramzi Musallam, CEO and managing partner of Veritas Capital and a 2019 Wash100 winner, said Veritas has played a …
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The Carlyle Group (Nasdaq: CG) has agreed to purchase StandardAero from Veritas Capital for an undisclosed sum. The Washington, D.C.-based private equity firm said Tuesday it expects to close the deal by the end of the first quarter of calendar year 2019, pending regulatory approvals and other customary closing conditions. …
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The Carlyle Group (Nasdaq: CG) is close to finalizing a deal worth more than $5B to buy StandardAero from Veritas Capital, Reuters reported Tuesday. Scottsdale, Ariz.-based StandardAero offers aviation maintenance, repair and overhaul support services to clients in military, general aviation and commercial sectors. Sources told Reuters the transaction could be disclosed …
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The U.S. Navy has awarded Boeing (NYSE: BA), AAR Corp.‘s (NYSE: AIR) aircraft services business and StandardAero contracts worth up to $268.7 million combined to support maintenance and repair of the service branch’s P-8A Poseidon maritime patrol aircraft. All three contractors can vie for individual task orders to deliver P-8A support services to the Navy, Australian …
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StandardAero, a portfolio company of Veritas Capital, has received a potential $379.9 million contract to repair T56 aircraft engine parts for the U.S. Air Force. The Defense Department said Friday the firm-fixed-price contract covers depot-level overhaul and repair services for T56 series 3.0 and 3.5 engine and component parts. The Air Force Life Cycle Management Center received …
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Dubai Aerospace Enterprise has completed the sale of StandardAero to private equity firm Veritas Capital for $2.1 billion. StandardAero operates 13 facilities across the U.S., Europe, Canada, Australia and Singapore that offer aircraft repair, maintenance and overhaul services to clients in the commercial, military aviation and industrial power sectors, Veritas Capital …
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Weekly Roundup February 5 – February 9, 2018 Click here to see Real-Time GovCon Sector Quotes Government Executives Outpace GovCon Counterparts In Wash100 Popular Vote Jim Garrettson, Executive Mosaic CEO The Wash100 voting has been open for a little over two weeks now, and the preliminary results of the popular vote are showing that …
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PAS Technologies, a portfolio company of KRG Capital Partners, has been acquired by StandardAero, a portfolio company of Veritas Capital from Houlihan Lokey. The transaction closed on May 5, 2017. PAS provides OEM and aftermarket aerospace engine components that are able to endure high-wear, high-heat, and corrosive environments. The company offers a comprehensive set …
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New 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 …
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