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Slide #67. Esterline Corporation — Sunbank
Esterline Corporation (ESL)
Esterline Corporation (NYSE: ESL) (www.esterline.com), a leading specialty manufacturer serving global aerospace and defense markets, announced today that it has acquired Joslyn Sunbank Company, LLC (Sunbank) for approximately $45 million, plus up to $5 million in earn-out consideration. Sunbank, a unit of Meggitt PLC, is a Southern California-based supplier of connector accessories, backshells, and conduit systems for aerospace and industrial markets. The company employs approximately 500 people between its facilities in California and Mexico.
Esterline Technologies is a manufacturing company serving aerospace and defense customers. Co. has three segments: Avionics and Controls, which include avionics systems, control and communication systems, and interface technologies capabilities, as well as providing global positioning systems, head-up displays, vision systems, flight management systems, touchscreen display solutions and secure communication systems: Sensors and Systems, which include power systems, connection technologies and advanced sensors capabilities; and Advanced Materials, which includes materials and defense technologies capabilities, as well as developing and manufacturing clamping and fastening devices.
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Hold (1.83 out of 4)
(ranked higher than approx. 67% of all stocks covered)
Based on Zacks ABR data;
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