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Arlington Capital Partners formed Keel Holdings through the merger of Pegasus Steel with newly acquired Merrill Technologies Group and Metal Trades, creating a defense manufacturing company with nine facilities in Michigan and South Carolina.
Merrill Technologies Group and Precision Custom Components LLC were each awarded indefinite-delivery/indefinite-quantity contracts by the Naval Air Warfare Center Aircraft Division for components supporting aircraft launch and recovery and support equipment programs. The estimated aggregate ceiling for all contracts is $42,240,000.