BBA completes portfolio acquisition from GE Aviation

BBA Aviation completed its acquisition of a portfolio of legacy avionics products from GE Aviation.

The acquisition was made via Ontic, BBA Aviation's legacy support business for $61.5m on a cash and debt free basis, which was paid from existing financial resources.

At 4:03pm: (LON:BBA) BBA Aviation PLC share price was +2.15p at 285.45p