Alexandria-based VSE Corp. buys biz unit from N.C. company
Distribution and maintenance provider bought HAECO Americas' military aircraft platforms
Alexandria distribution and maintenance provider VSE Corp. has purchased North Carolina-based HAECO Americas’ special services business, which provides maintenance, repair and overhaul support for government and military aircraft platforms
The financial terms of the deal were not disclosed.
HAECO Special Services helps maintain the U.S. Air Force’s KC-10 aircraft as a subcontractor under a U.S. Department of Defense contract and employs approximately 280 employees who work at two hangars located in Greensboro, North Carolina.
VSE President and CEO John Cuomo said that HSS’ financial profile, backlog and contracting work complement the corporation’s federal and defense services segment. VSE expects the purchase to grow its support work on government aircraft and views the move as an opportunity to help the acquired business expand its role in fleet modernization and sustainment initiatives.