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The business of defense

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Company

VSE Corporation

VSE provides aftermarket parts distribution and maintenance, repair and overhaul (MRO) services for aircraft, serving commercial and government markets. ↗

HeadquartersMiramar, FL ↗
Founded1959 ↗
LeadershipJohn A. Cuomo, Chief Executive Officer and President ↗
Employeesapproximately 1,600 ↗
Revenue$1.1 billion (fiscal 2025) ↗
Department of War obligations$512 million in prime contracts since fiscal 2022 ↗
OwnershipPublic (Nasdaq: VSEC) ↗
SharesVSEC, VSECU ↗
Websitewww.vsecorp.com ↗

Products

  • VSE distributes technical and proprietary parts and repairs components and engine accessories through VSE Aviation. ↗
  • VSE holds exclusive rights to manufacture, sell, market, distribute and repair certain Honeywell fuel control systems, under a $105.0 million agreement signed in September 2023. ↗
  • VSE holds exclusive rights to manufacture, sell, market and distribute certain fuel pumps for the Pratt & Whitney PT6 engine series, under a December 2025 agreement. ↗
  • VSE offers wheel and brake MRO and distribution through Aero 3, which it acquired in December 2025. ↗

Customers

  • VSE serves commercial airlines, regional airlines, air cargo transporters, MRO providers, aviation manufacturers, corporate and private aircraft owners, and fixed-base operators. ↗
  • VSE Aviation launched a global, life-of-program APU components distribution agreement with RTX's Pratt & Whitney Canada in March 2026. ↗

Deals since 2020

Jan 202629

VSE buys Precision Aviation Group

Seller: GenNx360 PAG Buyer

Global provider of aviation aftermarket MRO, distribution, and supply chain services supporting business and general aviation, rotorcraft, and defense end markets.

C4ISR and electronicsMRO and sustainmentcomponents and materialsSource
Up to $2.02 billionClosed May 5, 2026
Oct 202527

VSE buys Aero 3

Seller: GenNx360 Capital Partners

Diversified global MRO service provider and distributor supporting the commercial wheel and brake aftermarket.

MRO and sustainmentcomponents and materialsSource
$350 millionClosed Dec 23, 2025
May 202501

VSE buys Turbine Weld Industries

Specialized Maintenance, Repair, and Overhaul service provider focused on complex engine components for business and general aviation platforms.

MRO and sustainmentSource
$50 millionClosed May 1, 2025
Feb 202517

VSE sells Wheeler Fleet Solutions to One Equity Partners

Buyer: One Equity Partners

VSE's Fleet segment, which sells aftermarket vehicle parts to government and commercial clients, sold with certain real estate.

components and materialsSource
Up to $230 millionClosed Apr 1, 2025
Oct 202415

VSE buys Kellstrom Aerospace

Seller: AE Industrial Partners, LP

Diversified global distributor and service provider supporting the commercial aerospace engine aftermarket.

MRO and sustainmentcomponents and materialsSource
$200 millionClosed Dec 3, 2024
Feb 202429

VSE buys Turbine Controls

Provider of aftermarket maintenance, repair and overhaul support services for complex engine components, as well as engine and airframe accessories, across commercial and military applications.

MRO and sustainmentSource
$120 millionClosed Apr 24, 2024
Feb 202429

VSE sells VSE Federal and Defense segment operating assets

Buyer: Undisclosed buyer

Substantially all of VSE's Federal and Defense segment operating assets, sold in two transactions with two buyers.

MRO and sustainmentIT and government servicesSource
$44 millionClosed Feb 2024
Oct 202304

VSE buys Honeywell Fuel Control Systems

Seller: Honeywell International

Rights to exclusively manufacture, sell, market, distribute, and repair certain Honeywell fuel control systems, bought under an Asset Purchase and License Agreement.

MRO and sustainmentcomponents and materialsSource
$105 millionClosed
May 202304

VSE buys Desser Aerospace

Independent distributor of specialty aviation tires, tubes, brakes, and batteries and a provider of component Maintenance, Repair and Overhaul (MRO) services.

MRO and sustainmentcomponents and materialsSource
$124 millionClosed Jul 3, 2023
May 202304

Loar Group buys Desser Aerospace's Proprietary Solutions businesses

Seller: VSE

Makes carbon brakes, steel brakes, starter generators and vacuum generators, primarily for general aviation and regional jets.

MRO and sustainmentcomponents and materialsSource
$31 millionClosed Jul 3, 2023
May 202301

Bernhard Capital Partners' deal for VSE Federal and Defense business is called off

Buyer: Bernhard Capital Partners

Aftermarket refurbishment and sustainment services to extend and maintain the life cycle of military vehicles, ships and aircraft for the DoD.

IT and government servicesMRO and sustainmentSource
Up to $100 millionCalled off
Feb 202301

VSE buys Precision Fuel Components

Privately owned provider of MRO services for engine accessory and fuel systems supporting the business and general aviation market, based in Everett, Washington.

MRO and sustainmentSource
$12 millionClosed Feb 1, 2023
Jul 202126

VSE buys Global Parts Group

Privately owned provider of distribution and MRO services for business and general aviation aircraft families, based in Augusta, Kansas.

MRO and sustainmentSource
$40 millionClosed Jul 26, 2021
Mar 202101

VSE buys HAECO Special Services

Seller: HAECO Airframe Services

Provider of fully integrated MRO support solutions for military and government aircraft.

MRO and sustainmentSource
$15 millionClosed Mar 1, 2021
Jun 2020 

VSE sells CT Aerospace to Legacy Turbines

Buyer: Legacy Turbines

Inventory and certain assets of CT Aerospace, a VSE Aviation subsidiary.

MRO and sustainmentSource
$7 millionClosed
Jan 202028

VSE sells Prime Turbines to PTB Holdings USA

Buyer: PTB Holdings USA

Provider of turboprop aircraft engine repair, maintenance and overhaul, including for Pratt & Whitney Canada PT6A and PT6T series engines.

MRO and sustainmentSource
$21 millionClosed Feb 26, 2020

The deal tracker

Segments

  • VSE sold its Federal and Defense segment, which refurbished and sustained military vehicles, ships and aircraft for the Department of War, under agreements signed in February 2024. ↗
  • VSE completed the sale of its Fleet segment, a medium and heavy-duty fleet parts distributor, in April 2025. ↗