Eaton Corporation (ETN) Acquires Ultra PCS for $1.55B to Expand Aerospace Capabilities

Eaton Corporation plc (NYSE:ETN) is one of the best industrial machinery stocks to buy according to analysts. On June 16th, Eaton Corporation plc (NYSE:ETN) signed an agreement with the Cobham Ultra Group to acquire Ultra PCS Limited for $1.55 billion. Operating in the US and the UK, Ultra PCS Limited provides aerospace clients with sensors, data processing, electronic controls systems.

Eaton’s portfolio of military and commercial aviation systems is set to expand as a result of the acquisition. The company claims that its existing product line will be enhanced by Ultra PCS’s safety and mission-critical aerospace systems solutions.

Additionally, as part of the ATLNext expansion project, Eaton Corporation plc (NYSE:ETN) recently won several contracts totaling about $25 million to enhance the electrical infrastructure at Hartsfield-Jackson Atlanta International Airport.

Power management company Eaton Corporation plc (NYSE:ETN) manufactures mechanical, hydraulic, and electrical systems to assist in safe and effective energy management. Circuit breakers, power distribution equipment, hydraulics, and vehicle components are some of its main offerings.

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