US FTC approves GE purchase of Avio's aviation business

WASHINGTON, July 19 Fri Jul 19, 2013 5:45pm EDT

WASHINGTON, July 19 (Reuters) - General Electric won U.S. antitrust approval for its $4.3 billion bid for Italian plane components maker Avio, the Federal Trade Commission said on Friday.

General Electric won EU clearance for the transaction on Tuesday, after agreeing to protect strategic information related to the Eurofighter project.