Military

British Firm Buys U.S. Defense Contractor

By James T. McKenna | January 2, 2008

VT Group PLC reports it has completed the acquisition of Advanced Engineering and Planning Corp., Inc. The Gaithersburg, Md. company manages life-cycle support of helicopters for U.S. Army, among other operations. The U.K.-based VT Group reportedly paid $70 million for the company. VT Group is involved in a number of defense-related endeavors, including membership in a contractor team pursuing a long-term U.K. coast guard search and rescue contract. For related news

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