May 2, 2018 / 11:42 AM / 19 days ago

Spirit Aero posts higher revenue, says to buy European peer Asco

May 2 (Reuters) - Aircraft parts maker Spirit AeroSystems Holdings Inc reported higher quarterly revenue on Wednesday and said it would buy European peer Asco Industries NV for $650 million.

Spirit said its net income fell to $125.4 million or $1.10 per share in the first quarter ended March 29, from $141.7 million or $1.17 per share, a year earlier.

Its revenue rose to $1.74 billion from $1.69 billion. (Reporting by Arunima Banerjee in Bengaluru; Editing by Sai Sachin Ravikumar)

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