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LMI wins Mitsubishi jet deal

LMI Aerospace Inc. said Monday it won a long-term agreement with Mitsubishi Aircraft Corp. to design and build the tailcone section of the new Mitsubishi Regional Jet (MRJ) set to go into service in 2014.

Financial terms of the deal weren’t disclosed, but LMI said nonrecurring services and tooling will be funded through a series of milestone payments…

[St. Louis Business Journal]