Troubled Tier 1 aerostructures supplier Spirit AeroSystems is selling its Fiber Materials (FMI) business to Tex-Tech Industries for $165 million in cash.
Michael Bruno is the Executive Editor for Business at Aviation Week Network. With a focus on aerospace and aviation industry news, his work has appeared in various publications including Isthmus. Michael covers a wide range of topics including mergers and acquisitions, technological advancements, industry trends, and workforce issues.