Spirit to Sell Fiber Materials Inc. Business to Tex Tech Industries

Spirit AeroSystems has agreed to sell its Fiber Materials Inc. business to Tex-Tech Industries for $165 million in cash. In a statement released Monday, Tex-Tech CEO Scott Burkhart said FMI’s range of high-performance products will be added to the company’s offerings for the space and defense industry. “Our customers demand world-class solutions, and the integration

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