LUCAS-VARITY has announced its first major purchase since its £3.2 billion merger.
The Anglo-American group has bought the cargo systems arm of Boeing, the US aircraft giant which makes spares for Boeing 747, 767 and 777 planes.
LucasVarity now has exclusive rights to supply spares to Boeing customers.
The company, which employs more than 1,000 at its sites in East Lancashire, would not reveal the price it was paying but said the deal would add £60 million to Lucas Aerospace's annual sales.
This acquisition follows talks between Boeing and Lucas Industries, the UK automotive and aerospace equipment company that merged with Varity Corporation of America.
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