PRATT&WHITNEY has boosted plans to expand its Eagle Services engine-overhaul business to $1 billion annually by 1998, by agreeing to purchase the Flight Repair group of Netherlands company Interturbine.
The group repairs engine aerofoils, stators and cases at centres in Dallas, Texas, and Singapore. P&W says that the acquisition is expected to close within two months. The terms of the deal have not been disclosed.
Interturbine says that the sale reflects its strategic decision to focus on the manufacture of new components for aerospace and industrial applications. P&W recently announced an agreement with Singapore Airlines Engineering to establish an engine-overhaul joint venture in Singapore by the end of 1997.
Eagle Services sales will approach $600 million in 1997, P&W says.
Source: Flight International
