Profits down at £77m aerospace manufacturer after US parent takeover
Despite a restructure, Leeds aerospace manufacturer AETC has seen pre-tax profits and turnover drop following the takeover of its US-based parent company.
AETC specializes in the manufacture of gaspath components, including rotating blades and stationary nozzle guide vanes for the aerospace and industrial gas turbine industries from sites in Yeadon and Leicester.
In January 2016, its parent company, US-based PCC (Precision Castparts Corporation), was acquired by Berkshire Hathaway Inc. This led to the removal of PCC from the Ne... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
