12:36 PM EDT, 04/24/2024 (MT Newswires) -- VSE (VSEC) said Wednesday it has closed the acquisition of Turbine Controls for about $120 million, comprised of $110 million in cash and $10 million of VSE shares.

The acquisition will expand its Original Equipment Manufacturer authorized repair capabilities within the maintenance, repair, and overhaul aviation market, the company said.

Shares of VSE were up about 1% in recent trading.

Price: 78.50, Change: +0.76, Percent Change: +0.98