Monthly Archives: September 2019

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Textron Aviation’s Flagship Longitude Receives FAA Type Certification


The Longitude received the most robust testing of a Cessna Citation to date.

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Carlyle Group completes €1 billion purchase of aerospace manufacturing firm


Global investment firm The Carlyle Group has completed the acquisition of Forgital, for approximately €1 billion.

Forgital is an Italian-based manufacturing company producing large forged and machined components for use in the aerospace and industrial sector.

Equity for the transaction will come from Carlyle Europe Partners V, a European-focused upper-mid market buyout fund and Carlyle Partners VII, a US-focused buyout fund.

Established in 1873 with headquarters in Vicenza, Italy, Forgital is a specialist manufacturer of machine-finished forged and laminated rolled rings, made from several different materials, including steel, aluminium, titanium and nickel-based alloys used in several applications across many industries.

Forgital employs over 1,100 people across nine facilities in Italy, France and United States and through its dedicated global salesforce.

Source: AE