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Article: United States: Meggitt up with K&F acquisition.
- Article from:
- TendersInfo
- Article date:
- August 6, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: kusumv03
Shares of Meggitt Plc, the British maker of engine-monitoring systems for Airbus SAS and Boeing Co. airliners, rose the most in more than six years in London trading after saying the purchase of K&F Industry Holdings Inc. added to first-half profit.
The company owns what is now called Meggitt Aircraft Braking Systems Corp. in Akron. The subsidiary makes components for commercial and military aircraft. Meggitt bought Aircraft Braking Systems in March 2007 as part of a $1.1 billion deal.
The Akron plant, near the former Goodyear Airdock at Akron Fulton International Airport, has about 360 hourly employees who belong to United ...