Esterline Completes CMC Acquisition
Aerospace and defense industry supplier Esterline last month wrapped up its acquisition of Canadian avionics maker CMC Electronics. According to Esterline CEO Robert Cremin, CMC Electronics will continue operating as a stand-alone business from its Montreal headquarters, where it supplies the business aviation market with electronic flight bag hardware, enhanced-vision cameras and flight management systems. The attraction for Bellevue, Wash.-based Esterline, however, is CMC’s systems integration experience and, more specifically, its ties with Boeing on the 787 program. Financial terms of the acquisition were not disclosed.