Coventry, New Hampshire — The aerospace company Aurora, an aerospace- and technology-focused company, announced today that it has acquired Aurora Inc. in a $10 million transaction, expanding its portfolio of machines that can produce high-quality aerospace components for aerospace and defense products.
Aurora Inc. has a total of 3,000 employees worldwide and has operations in North America, Europe, South America and Asia.
The Aurora acquisition is the largest aerospace company-to-company acquisition since GE purchased ULA in 2003.
The acquisition expands Aurora’s global footprint, with the goal of accelerating the company’s focus on aerospace products and the aerospace industry, and providing a foundation for Aurora to continue to advance its strategic goals.
The acquisition, which will be completed in the fourth quarter of 2018, expands Aurora from a full-service manufacturing and assembly company to one focused on aerospace parts and manufacturing.
It will help Aurora accelerate its focus on products, services and capabilities that are designed to enhance aerospace and aerospace-related products, and to increase Aurora’s capacity to support the aerospace, defense and space industries.
Aircraft manufacturer Boeing Co. will retain a minority stake in Aurora, which has operations throughout the United States and Canada.
Boeing said that the acquisition will create a new strategic partner with an unparalleled track record of innovation and innovation across a wide range of areas.
The transaction is expected to close in the third quarter of 2021.