Aerospace giant Meggitt has bought the advanced composites business of Cobham.
Aerospace giant Meggitt has bought the advanced composites business of Cobham, which has operations in Leicestershire, in a deal worth $200m (£129.1m).
Defence supplier Cobham said the deal was "consistent with its strategy of simplifying its portfolio by focusing on segments where it has scale and market leading positions".
The composites business has UK operating facilities in Shepshed and Stevenage, Hertfordshire, as well as in the US.
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