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Birmingham Post
Birmingham Post
Business
Coreena Ford

North East deals of the week: key acquisitions, contracts and investments

Engineering firm Reece Group’s two central defence firms are set for major investment and job creation after being acquired in a multimillion-pound deal by global defence giant, Rafael.

The region’s proud tradition of defence manufacturing has been given a huge vote of confidence after Reece Group Ltd, based in the Armstrong Works on Newcastle’s Scotswood Road, confirmed the sale of Pearson Engineering and Responsive Engineering to defence contractor, Rafael Advanced Defense Systems Ltd.

Rafael has a strong presence in international defence markets and solid links with the UK, having recently been selected by the British Army to provide the Trophy Active Protection System, a product designed to defeat anti-tank missiles and rockets, saving soldiers’ lives.

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