|
. | . |
|
by Richard Tomkins Camarillo, Calif. (UPI) May 1, 2013
The Merex Group has acquired Kellstrom Defense Aerospace Inc., a company providing maintenance, repair and overhaul services for legacy military aircraft. Terms of the transaction were not disclosed but Merex -- a provider of parts and services for legacy planes -- said the combined companies are expected to have global sales of more than $150 million for the 2014 calendar year. "The addition of Kellstrom to the Merex Group of companies adds significant breadth of capability that supports our strategic growth plans and the needs of our mutual customer base," said Merex Group Chief Executive Officer Chris Celtruda. "We expect to rapidly integrate the Kellstrom Defense business and focus on connecting our combined sustainment solutions to the needs of the global operators of these important platforms." Merex specializes in logistics, distribution and the supply of spare parts -- as well as in-house product engineering and specialty manufacturing -r foe legacy military aircraft such as the F-5, T-38, F-16, C-130, P-3, and a variety of helicopters. "We are excited to move forward as part of the Merex team," said Kellstrom Defense President Scott Campbell. "This combination will enable us to offer unprecedented service and leverage the engineering, manufacturing, and MRO capabilities that the Merex Group has developed to offer our customers enhanced aftermarket solutions."
Related Links Aerospace News at SpaceMart.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service. |