How VSE's Acquisition of Kellstrom Will Boost Its Aviation Business? [Yahoo! Finance]
VSE Corporation (VSEC)
US:NASDAQ Investor Relations:
ir.vsecorp.com
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Source: Yahoo! Finance
VSE Corporation VSEC, a leader in aftermarket distribution and repair services, has announced its agreement to acquire Kellstrom Aerospace, a key player in the commercial aerospace engine aftermarket. The acquisition, valued at approximately $200 million, includes $185 million in cash and $15 million in VSE stock. The deal, expected to close in the fourth quarter of 2024, aligns with VSE's strategic plan to enhance its aviation segment by expanding its global reach and increasing exposure to the fast-growing commercial aerospace engine aftermarket. Strengthening VSE's OEM-Centric Strategy Kellstrom's focus on commercial aerospace engines complements VSE Aviation's existing operations. More than 95% of Kellstrom's revenue is derived from long-standing relationships with original equipment manufacturers (OEMs), a critical factor in VSE's strategy. This partnership will allow VSE to gain more exposure to the rapidly growing aircraft engine maintenance market, boosting its OEM-focuse
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News
- VSE Corporation Announces Relocation of Corporate Headquarters to Miramar, Florida [Yahoo! Finance]Yahoo! Finance
- VSE Corporation Announces Relocation of Corporate Headquarters to Miramar, FloridaBusiness Wire
- VSE Corp (VSEC) Q3 2024 Earnings Call Highlights: Record Aviation Revenue and Strategic Acquisitions [Yahoo! Finance]Yahoo! Finance
- VSE Co. (NASDAQ: VSEC) had its price target raised by analysts at B. Riley from $120.00 to $132.00. They now have a "buy" rating on the stock.MarketBeat
- VSE Co. (NASDAQ: VSEC) had its price target raised by analysts at Royal Bank of Canada from $120.00 to $125.00. They now have an "outperform" rating on the stock.MarketBeat
VSEC
Earnings
- 11/6/24 - Beat
VSEC
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- VSEC's page on the SEC website