Hanwha Aerospace to acquire EDAC Technologies for $300m.

South Korean aviation firm Hanwha Aerospace agreed to acquire EDAC Technologies, which provides design, manufacturing, and services for tooling, fixtures, molds, jet engine components, and machine spindles in the aerospace, industrial, semiconductor, and medical device markets, for $300m. “The company aims to expand its aircraft engine parts business based on the acquisition of EDAC and to become a risk and revenue sharing program (RSP) global partner in global aircraft engine markets,” Hanwha Aerospace said in a statement.