Esterline Completes CMC Buy

By Tish Drake | March 16, 2007
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Aerospace company Esterline Corp. completed its $335 million acquistion of Canadian avionics company CMC Electronics, the companies said Thursday. Esterline, Bellevue, Wash., said CMC will continue to run as a stand-alone operation reporting through Esterline’s Avionics & Controls segment. “The transaction significantly expands the scale of Esterline’s existing Avionics & Controls business by adding a premier systems integrator of high technology avionics. CMC is a natural evolution following Esterline’s successful performance as a Tier 1 supplier to Boeing for the 787 cockpit Overhead Panel System," said Robert W. Cremin, Esterline's CEO. For related news

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