By: Benzinga
December 28, 2012 at 08:03 AM EST
Woodward to Buy Hydraulic Thrust Actuation Systems Unit from GE
Woodward, Inc. (NASDAQ: WWD ) today announced that on December 27, 2012, it signed a purchase agreement with GE Aviation Systems to acquire the assets of its hydraulic thrust reverser actuation systems business located in Duarte, California (the "Duarte Business") for $200 million in cash, and the parties have entered into a preferred supplier
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