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Business/Financial

Vertex Acquiring RTC’s Training and Sustainment Services Businesses

By Cal Biesecker

Friday, September 10th, 2021

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Vertex Acquiring RTC’s Training and Sustainment Services Businesses

Vertex' work includes contracted air services. Photo: Vertex Aerospace

Vertex Aerospace last Friday said it has agreed to acquire several business lines from Raytheon Technologies Corp. [RTX] involved in defense and commercial training, sustainment and mission solutions that have a combined $1 billion in sales. Terms of the deal, which is subject to regulatory approvals, were not disclosed. Jefferies aerospace and defense analyst Sheila Kahyaoglu estimates the sale price to be about $1 billion and expects RTC to use the proceeds to repurchase its stock. Vertex provides aerospace and…

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