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Business/Financial

Esterline Acquires Airborne ISR Component Maker Eclipse Electronic Systems

DDN

Thursday, January 6th, 2011

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By Calvin Biesecker Esterline Corp. [ESL] this week said it has acquired Eclipse Electronic Systems, a designer and producer of lightweight receivers used in signals and communications intelligence in manned and unmanned aircraft, for $120 million in cash. The deal expands Esterline's existing foothold in the arena for airborne secure communications and will allow it to better serve its base of prime defense contractors with improved capabilities and product mix, Brad Lawrence, Esterline's CEO, said on analyst call on Monday…

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