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Dowty Group was a leading British manufacturer of aircraft equipment.It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index.The firm ceased operating as an individual entity following its acquisition by TI Group in 1992.
On 16 January 2007, Dowty Propellers became part of GE Aviation Systems through GE buying Smiths Group’s aerospace division. [ 3 ] [ 4 ] On 5 February 2015, a fire at Dowty's Staverton facility caused severe damage to 80% of the factory building, destroying the main production line. [ 5 ]
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The company can be traced to the establishment of a 50/50 joint venture in 1995 between France's Messier and the United Kingdom's Dowty Group, then owned by TI Group. Messier-Dowty was purchased outright from TI Group by the SNECMA group in 1998. The 2005 merger of SAGEM and SNECMA made Messier-Dowty part of the new Safran company. In May 2011 ...
From Boeing's turbulence and a catastrophic hurricane, to Donald Trump's election victory, "Sunday Morning" host Jane Pauley looks back at key events of a year that was monumental.
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TI Group bought Huron Products Industries (USA) in 1991, [15] and Dowty Group in 1992, [16] Reportedly, Dowty had been regarded by TI's chairman, Sir Christopher Lewinton, as his number-one target and had made substantial preparations towards its acquisition, although the bid was not regarded as being a hostile one despite Dowty's board ...
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