Boeing suppliers Woodward and Hexcel plan to merge as aerospace companies grapple with fallout from the grounding and halted production of the 737 MAX
Woodward Inc. and Hexcel Corp. set plans to merge, a deal that would combine two big Boeing Co. suppliers as aerospace companies grapple with fallout from the grounding and halted production of the 737 MAX.
The two U.S. companies produce parts and spares for Boeing and Airbus SE jets as well as a range of military aircraft. They said Sunday that their proposed deal would help accelerate research-and-development spending on new technologies. Together, Woodward Hexcel would rank among the aerospace industry’s largest suppliers,...
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