May 06, 2019
Vision Technologies Aerospace Inc. (VTA), an aerospace maintenance and engineering group held by Singapore Technologies Engineering Ltd (ST Engineering), received clearance from the Committee on Foreign Investment in the United States (CFIUS) on April 12, 2019, in connection with its acquisition of MRA Systems, LLC (MRAS), a unit of General Electric Company. CFIUS concluded that there were no unresolved national security issues with respect to the transaction. With this CFIUS clearance, VTA and ST Engineering obtained all applicable regulatory approvals to consummate the proposed acquisition, and the transaction closed on April 17, 2019.
Latham & Watkins LLP represented ST Engineering in the transaction and advised the company on the CFIUS clearance process. The CFIUS team was led by Washington, D.C. partner Les Carnegie, with associates Andrew Galdes and Bridget Reineking. The corporate deal team was led by Singapore partner Michael Sturrock, with associates Charles Bailey and Madeleine Brett-Williams.