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Latécoère completed the acquisition of Malaga Aerospace, Defense & Electronics Systems (MADES) from American Industrial Acquisition Corporation. The deal, signed in December 2021, received approval from the Spanish Council of Ministers.
MB Aerospace has sold its interests in MB Aerospace Sterling Heights Inc to an affiliate of American Industrial Acquisition Corporation (AIAC). The business will trade as Vital Engineered Components Company (VECCO), focusing on machining high-value cast components for aerospace and industrial markets.
Latécoère entered into definitive documentation with American Industrial Acquisition Corporation to acquire Malaga Aerospace, Defense & Electronics Systems.