CMC Electronics Inc. says it has
finalized the sale of its Cincinnati Electronics business unit
(also known as CMC Electronics Cincinnati) to L-3 Communications
Corporation, further to having received all the required U.S.
regulatory approvals. The terms of the transaction were not
Headquartered in Mason, OH,
Cincinnati Electronics designs and manufactures a range of infrared
detectors, imaging sensors, missile warning systems, space launch
vehicle products and spacecraft electronics. Since it was acquired
in 1988, Cincinnati Electronics has operated largely as a separate
business unit with products and technologies that are distinct from
CMC Electronics' core Aviation Electronics business.
As part of the transaction, CMC Electronics has entered into a
long-term supplier agreement with Cincinnati Electronics for
current and next-generation infrared sensors to support CMC
Electronics' Enhanced Vision System (EVS). The agreement provides
CMC Electronics with long-term and exclusive access to Cincinnati
Electronics' world leading technology for the commercial and
military EVS aviation markets.