News - Midlands
Wolves aerospace company bought for £56m
A takeover deal has been sealed for a historic Wolverhampton aerospace company. The Boulton Paul factory in Pendeford, most recently owned by GE Aviation Systems, has been bought by New York engineering company Moog. The Wolverhampton factory makes flight controls for Boeing's 777 and 787 airliners as well as the Airbus A330 and the A380 double-decker. Sales at the factory were £63m in 2008. Moog said it had paid £56.6m cash for the UK business. About 470 people make flight controls for aircraft, including the RAF Typhoon jet fighter, at the Wobaston Road plant. It is not thought the deal will have any implications for jobs. Moog is a £1bn precision engineering business that makes controls and systems for aircraft, missiles, satellites and space vehicles, as well as industrial and medical equipment. Warren Johnson, president of Moog's Aircraft Controls Group, said: "The organisation we're acquiring is a world-class designer and manufacturer of aircraft actuation systems. We know it will be a great addition to our team."