Canadian aircraft parts manufacturer Magellan Aerospace could soon announce the acquisition of a similar-sized second-tier supplier.
The Toronto-based company makes combustion cases for the Rolls-Royce RB211 turbo fan as well as the CRV7 air-to-ground rocket used by the RAF in the Gulf war. Magellan expects revenues of C$500m (£200m) next year.
President and chief executive officer Richard Neill said he was looking to buy second-tier companies of a similar size to Magellan. He confirmed that a major UK company was in his sights.
Magellan has expanded during the 1990s and in 1997 bought Bristol Aerospace, maker of the CRV7, from Rolls-Royce.