GE said it will acquire Smiths Aerospace for $4.8 billion in cash, combining its aircraft engine business with Smiths' broad array of avionics equipment and components, under terms of a blockbuster agreement announced by the companies Monday. "The acquisition will broaden GE's offerings for aviation customers by adding Smiths' innovative flight management systems, electrical power management, mechanical actuation systems and airborne platform computing systems to GE Aviation's commercial and ...

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