|Esterline headquarters. Photo: Esterline
[Avionics Today 06-12-2015] Esterline Corporation, a manufacturer serving global aerospace and defense markets, has completed the sale of its Texas-based subsidiary, Eclipse Electronic Systems to BAE Systems. Eclipse produces specialized receivers for the Intelligence, Surveillance and Reconnaissance (ISR) market.
"This transaction is part of our strategic plan to integrate and optimize our business while focusing on core areas where we can support the best development path for our products. We are confident the Eclipse brand and their ISR capabilities will be better suited for future growth and integration with BAE Systems," said Curtis Reusser, Esterline's chief executive officer.
Esterline announced in September 2014 that it would begin looking for buyers for certain subsidiaries that were no longer core to the company's strategic direction. The operations identified at that time were placed into discontinued operations until the point of sale.