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AMAG Austria Metall AG is acquiring a 70% share of the German Aircraft Philipp Group (ACP), an expert in mechanical machining of aluminum and titanium for aerospace. The transaction is expected to close in late autumn 2020.
Boeing signed a five-year contract with Aircraft Philipp Group to manufacture machine parts for the global fleet of H-47 Chinook helicopters at facilities in Bavaria and Baden-Württemberg, Germany.