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AMETEK to acquire First Aviation Services for defense MRO
AMETEK Inc. announced its definitive agreement to acquire First Aviation Services, a provider of defense and aviation maintenance, repair, and overhaul (MRO) services, for an undisclosed sum. This acquisition is expected to expand AMETEK’s market presence and enhance its component MRO service offerings, building on First Aviation’s annual sales of approximately $80 million across six U.S. facilities. The news follows recent positive analyst ratings and a strong performance by AMETEK’s stock, though InvestingPro analysis suggests it may be overvalued.