Vertex Aerospace Acquires Raytheon Technologies' Defense Training and Mission Critical Solutions Business Lines
December 7, 2021
Vertex Aerospace, owned by private equity firm American Industrial Partners, agreed to acquire Raytheon Technologies' Defense Training and Mission Critical Solutions business lines, a group of businesses that generated approximately $1.0 billion in sales in 2020. The transaction (a divestiture by Raytheon Technologies) adds roughly 2,000 employees to Vertex, expands its training, mission-critical support and modernization capabilities, and broadens its government and commercial aerospace contract portfolio.
- Buyers
- Vertex Aerospace, American Industrial Partners
- Targets
- Defense Training and Mission Critical Solutions business lines of Raytheon Technologies
- Sellers
- Raytheon Technologies Corporation
- Industry
- Aerospace & Defense
- Location
- United States
- Transaction Type
- Divestiture
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