Boeing uses its clout to control supplier consolidation
Reuters reports how Berkshire Hathaway Inc’s $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry. This, as Boeing Co uses its clout as the world’s biggest plane maker to put a check on some deals. Moreover, Berkshire chief Warren Buffett isn’t alone in seeing potential for profits from rising demand for commercial aircraft…
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