CMC Electronics completes sale of Cincinnati Electronics business to L-3

 - January 29, 2007, 5:10 AM

CMC Electronics and L-3 Communications have completed a $172 million deal to sell CMC’s Cincinnati Electronics division, an Ohio manufacturer of infrared sensors, imaging detectors, missile warning systems, space launch vehicle products and spacecraft electronics to L-3.

As part of the transaction, CMC has signed a long-term supplier agreement with Cincinnati Electronics for infrared components used in its enhanced vision systems, which CMC is selling to Bombardier for use in the Global Express. L-3 bought the Cincinnati Electronics business to allow it to compete for a number of super-secret military contracts.