Monday, 19 June 2017

MB Aerospace signs $1bn contract with US firm

A Scottish engineering firm has signed a $1bn (£780m) contract to provide flight engine parts to a US company.

MB Aerospace said it would recruit 160 new staff as part of the 10-year agreement with Pratt & Whitney, a division of United Technologies Corporation (UTC).

The Motherwell-based company said the contract was a "milestone opportunity".

MB Aerospace also has manufacturing operations in the US and Poland and employs about 1,600 people.

A majority stake in the Scottish firm was taken by Blackstone private equity in 2013.

BBC      News.