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Business deals

ST Engineering to buy GE aircraft component unit for $630m

Singaporean group bolsters manufacturing as maintenance competition intensifies

Workers build LEAP engines for jetliners at a General Electric factory in the U.S. state of Indiana.   © Reuters

SINGAPORE -- Defense group Singapore Technologies Engineering, one of the world's leading aircraft maintenance providers, said on Sept. 13 that it will buy an aircraft component unit from General Electric in a bid to expand its aviation manufacturing business.

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