Monday, May 19, 2008

Vought Aircraft Files For IPO

Irving, Texas-based Vought Aircraft Holdings, a manufacturer of aerospace products for the commercial, military, and business jet markets, said in a filing with the SEC last week that it is looking to raise up to $250M in an IPO on the New York Stock Exchange. Vought said that it has applied to list on the NYSE as "VTC." The firm's IPO is being underwritten by Lehman Brothers, Goldman Sachs & Co., and JPMorgan. The company reported 46.3M in income on 1.6 billion in revenues for the year ending December 31, 2007. The firm is majority owned by TCG Holdings LLC, an entity owned by The Carlyle Group.