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Textron Completes Purchase of United Industrial Corp.
November 14, 2007
Textron Inc., Providence, RI, has completed its purchase of United Industrial Corp., a supplier to the aerospace and defense systems markets through its subsidiary AAI Corp. The total value of the transaction was $1.1 billion.   ; UIC will become a wholly owned subsidiary of Textron.   ; Textron Inc. is an $11 billion diversified company operating in 32 countries.