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Wednesday, January 2, 2008

British Firm Buys U.S. Defense Contractor

VT Group PLC reports it has completed the acquisition of Advanced Engineering and Planning Corp., Inc. The Gaithersburg, Md. company manages life-cycle support of helicopters for U.S. Army, among other operations. The U.K.-based VT Group reportedly paid $70 million for the company. VT Group is involved in a number of defense-related endeavors, including membership in a contractor team pursuing a long-term U.K. coast guard search and rescue contract. For related news
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