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Boeing to acquire metal structures supplier Summit Aeronautics
Boeing said Monday it has agreed to acquire Summit Aeronautics Group, a supplier of titanium and hard metal structures for Boeing aircraft including the 787. Terms were not disclosed. Helena, Montana-based Summit, which employs 135, works on 747-8 fail-safe bars, 787 door edge frames and 767 main-landing-gear beams.
"After the transaction, Summit will continue its work on these Boeing programs and manufacture other machined parts for the 787," Boeing said in a statement. "Summit also will continue to support existing military programs."