Montreal-based CMC Electronics has agreed to sell its Cincinnati Electronics business unit to L-3 Communications for $172 million in cash, while simultaneously signing a long-term supplier agreement with Cincinnati Electronics for infrared enhanced vision system (EVS) sensors. CMC Electronics is currently developing an EVS with Bombardier and Thales for the Global Express. With headquarters in Mason, Ohio, Cincinnati Electronics designs and manufactures a range of infrared detectors, imaging sensors, missile warning systems, space launch vehicle products and spacecraft electronics. The purchase will allow L-3 Communications to participate in a number of “highly classified military programs,” said Frank Lanza, chairman and CEO of L-3, in a press release.
CMC Electronics Sells Infrared Unit to L-3 Communications
- April 3, 2007, 6:31 AM