| Teledyne to Acquire Defense Unit |
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| Written by Mike Buetow | |||
| Friday, 01 August 2008 04:44 | |||
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THOUSAND OAKS, CA -- A Teledyne Technologies subsidiary has entered into an agreement to acquire the defense electronics business of Filtronic PLC for approximately $25.7 million. Teledyne Ltd. will acquire the unit, which had sales of 14.5 million pounds (about $29 million) for its fiscal year ended May 31. The transaction will close before the end of August, subject to various conditions. The Defense Electronics business based in Shipley, UK, designs and manufactures a range of microwave products for radar, electronic support measures and electronic counter measures systems.
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