Boeing has agreed to acquire Summit Aeronautics Group, which manufactures titanium and other hard metal structures for commercial and military aircraft.
Under the agreement, Boeing will acquire, among other things, the building, assets and inventory of Helena, Montana-based Summit, as well as assume operation of the site. The airframer expects to close the transaction in the fourth quarter.
Financial terms have not been disclosed.
With 135 personnel, Summit currently performs hard metal machining on Boeing 747-8 fail-safe bars, which allow the flaps to move on the wings; 787 edge frames that fit around the doors; and 767 main-landing-gear beams, which facilitate the landing gear rotation.
Once acquired, Boeing Fabrication will manage the Helena facility, and Summit will continue its work on these Boeing programmes as well as manufacture other machined parts for the 787, says Boeing.
Ross Bogue, vice president and general manager of Boeing Fabrication notes that the acquisition "grows our capacity to manufacture titanium and other hard metals structures in support of current and future airplane production requirements".