Saturday, June 9, 2012

ST Mobile parent eyes purchase

Singapore Technologies Engineering Ltd., parent of Mobile's ST Aerospace, said ST Engineering's aerospace arm -- Vision Technologies Aerospace Inc. -- made a $49.7 million bid for the Tampa aerospace maintenance facility Pemco World Air Services Inc., at a bankruptcy auction. The facility will be held under wholly owned VT Aerospace, which operates ST Aerospace Mobile and ST Aerospace San Antonio. ST Aerospace Mobile employs 1,500 people at Brookley Aeroplex, where it maintains and overhauls large airplanes. (Source: Mobile Press-Register, 06/08/12)