Tuesday, January 4, 2011

Esterline Buys Texas Firm

Bellevue, Washington-based Esterline Corporation said Monday that it has acquired Eclipse Electronic Systems, a supplier of signals intelligence and communications intelligence (SIGINT/COMINT) receiver hardware to the airborne intelligence, surveillance and reconnaissance (ISR) market. The deal was worth approximately $120M. Esterline, which is a manufacturer serving the aerospace and defense market, said the buy would enable it to develop a "a broader position in this important and growing market." Eclipse is based in Richardson, Texas.