HELENA – Boeing has purchased a Helena, Mont.-based aeronautics company that manufactures titanium and other hard-metal structures for several Boeing commercial aircraft.
Boeing announced Tuesday the acquisition of Summit Aeronautics Group. Terms were not disclosed.
Summit has 135 employees and makes parts for several Boeing planes, including 747-8 fail-safe bars which allow the flaps to move on the wings. The company also manufactures 787 edge frames that fit around the doors and 767 main-landing-gear beams, which allow the landing gear to rotate.
The aircraft giant says the company will be named Boeing Helena and it will become part of Boeing Fabrication under the company’s commercial airplane division.
Shares of Boeing rose 92 cents to close at $64 Tuesday, a 1.45 percent increase.
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