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Tue, Dec 14, 2004

CMC Electronics Sells Cincinnati Electronics Business Unit

New Owner: L3 Communications Corporation

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 disclosed.

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.

FMI: www.cmcelectronics.ca

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