VSE ( (VSEC) ) has shared an update.
VSE Corporation reported record revenue and profitability in its Aviation segment for Q3 2024, driven by new distribution awards, expanded MRO capabilities, and strategic acquisitions. Despite a decline in USPS-related Fleet segment revenue, commercial customer revenue grew by 20%, reflecting a successful diversification strategy. The company also announced its acquisition of Kellstrom Aerospace, expected to close in Q4 2024, enhancing its commercial aerospace aftermarket offerings. VSE remains committed to boosting shareholder value through strategic investments and operational excellence.
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