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Boeing To Acquire Small Aircraft Metal Structures Firm

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Boeing [BA] yesterday said it has agreed to acquire Summit Aeronautics Group, a small firm that manufactures titanium and other hard metal structures for commercial and military aircraft. Terms of the deal were not disclosed. Boeing said the pending acquisition, which is expected to close this year, will not have a material impact on its financial results in 2010 or 2011. Summit currently performs hard metal machining on 747-8 aircraft fail-safe bards, which allow the flaps to move on the…

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