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Vector in Line to Buy U.K. Military Support Shops

By James T. McKenna | July 26, 2007

Vector Aerospace of Toronto says it has been named preferred bidder by the U.K. Ministry of Defence to buy the Defence Aviation and Repair Agency (DARA) Rotary Wing and Components Businesses. That agency’s assets included in the proposed sale include helicopter repair facilities in Southampton, which support military CH-47 Chinooks, Lynx, and Sea Kings, and helicopter component repair facilities in Almondbank, Scotland, which support for those helicopters and other platforms for U.K. defense and other agencies. Revenues from the businesses exceed roughly $100 million annually. For related news

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