VSE Corporation (VSEC), Thursday announced the acquisition of Turbine Weld Industries, LLC, a specialized Maintenance, Repair, and Overhaul service provider, for a purchase price of approximately $50 million in cash.
With this acquisition, the company expects to enhance its position in business and general aviation market, as well as strengthen its collaboration with OEM partners.
The deal was funded by the company's existing credit facility.
In the pre-market hours, VSE's stock is trading at $114.52, up 0.09 percent on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.