Monday, August 6, 2012

Pemco deal halted

Vision Technologies Aerospace, the aerospace arm of Singapore Technologies Engineering Ltd., halted its acquisition of Pemco's Tampa aerospace maintenance facility after some closing conditions could not be fulfilled by the seller before the closing deadline. ST Engineering is the parent company of Mobile's ST Aerospace in Mobile, Ala., and VT Halter Marine in Pascagoula, Miss.. ST Aerospace Mobile employs about 1,500 at Brookley Aeroplex, where it maintains and overhauls large airplanes. (Source: Mobile Press-Register, 08/06/12) Previous