GE Aviation announced Friday that it completed the $4.8 billion all-cash acquisition of Smiths Aerospace, giving the engine-maker its long-sought role in aviation components and systems (ATWOnline, Jan. 17). GE's proposed merger with Honeywell was blocked by EU regulators in 2001. Smiths supplies flight management systems, electrical power management, mechanical actuation systems and airborne platform computing systems. It is developing the Common Core for the 787, which has been described ...

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