Aerospace

1 decade 11 months 2 days ago Monday, June 18 2007 Jun 18, 2007 Monday, June 18, 2007 8:06:47 AM CDT June 18, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
ST. LOUIS - Suburban St. Louis airplane parts maker LMI Aerospace Incorporated plans to buy D-Three Technologies Incorporated for $65 million in cash. The deal was announced and is expected to close in the third quarter. D-Three is a design and engineering services company based in San Diego with 350 employees. The privately-held company had revenue of $64 million last year. LMI plans to fund the acquisition with existing cash and a new $80 million credit agreement. The company says the deal should add to its earnings next year.

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