UNC Inc.

From the April 28, 1997 Washington Post

	'96 (in $ 000s)	% Change From '95
Revenue	832,063	55.2
Net Income	6,375	231.5
Rank Last Year: 32

Description:
UNC operates divisions that make and rebuild jet engines and aircraft components, and overhaul aircraft accessories, aircraft engines and industrial gas turbine engines. The company also provides maintenance and pilot training services for the aviation industry. UNC operates in 41 states and six countries.

Business Resume: Contact Info -- 175 Admiral Cochrane Dr. Annapolis, Md. 21401 410-266-7333 Main Business -- Aviation services Founded -- 1954 Chairperson -- Dan A. Colussy (CEO) President -- Dan A. Colussy Employees -- 7,000 D.C.-Area Employees -- 70

Developments:
UNC is being acquired by General Electric Corp. as part of an $875 million deal that also includes GE's purchase of Greenwich Air Services of Miami. Greenwich Air also services aircraft. Greenwich had entered into negotiations to purchase UNC in February, a month before GE made its bid for both companies. The acquisition will give GE the ability to offer maintenance services on all major aircraft engines. The purchase of UNC gives GE the capability of servicing small business jet engines. The acquisition is subject to approval by both the federal government and UNC shareholders, a process that could take until summer. The three companies had combined revenue of $4.5 billion in 1996 with a total of 16,200 employees.