Wesco Aircraft files for IPO of upto $300 million

(Reuters) – Wesco Aircraft Holdings Inc filed with the U.S. regulators to raise up to $300 million in an initial public offering.

The global supplier to the aerospace industry, which cited Boeing (BA.N: Quote, Profile, Research) as its largest customer in 2010, plans to apply for listing under the symbol ‘WAIR’, according to a filing with the U.S. Securities and Exchange Commission.

Delaware-incorporated Wesco Aircraft, which saw a 54 percent year-over-year increase in its 2010 profit to $21.6 million, said underwriters to the offering are Barclays Capital, BofA Merrill Lynch, JPMorgan, Morgan Stanley and William Blair & Co.

The company supplies aerospace parts, including hardware, bearings, electronic components, machined parts and installation tooling, to commercial and military aircraft and generated 2010 net sales of $656 million. (Reporting by Rachel Chitra in Bangalore; Editing by Sriraj Kalluvila)

Wesco Aircraft files for IPO of upto $300 million