Mar 30, 2011, post by Artur Nowak
BELLEVUE, WA–(Marketwire – March 29, 2011) – Esterline Corporation (NYSE: ESL) (www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today announced that its Los Angeles-based Engineered Materials operation has been selected by Lockheed Martin Aeronautics Company to supply sealing and low observable products for the multirole F-35 Lightning II.
The contract draws on design and development work performed by Lockheed, Northrop Grumman and Esterline Engineered Materials working together to produce the most advanced strike aircraft in the world. The agreement, valued at more than $190 million, will cover the low rate production phase of the program currently estimated to include 596 aircraft to be produced through the year 2017.
Read more: www.marketwire.com
Jan 05, 2011, post by Artur Nowak
Esterline Corporation, a leading specialty manufacturer serving aerospace and defense markets, announced today that it has acquired Eclipse Electronic Systems for total consideration of approximately $120 million, subject to certain adjustments.
Eclipse, headquartered in Richardson, Texas, is a leading supplier of signals intelligence and communications intelligence receiver hardware to the airborne intelligence, surveillance and reconnaissance (ISR) market.
Read more: www.tradingmarkets.com
Dec 10, 2010, post by Artur Nowak
Esterline Corporation , a leading specialty manufacturer serving aerospace/defense markets, today reported fiscal 2010 fourth quarter and full-year results for the period ended October 29, 2010.
Income from continuing operations for the quarter was a record $49.3 million, or $1.60 per diluted share, on sales of $430.5 million. For the same period last year, income from continuing operations was $37.4 million, or $1.24 per diluted share, on sales of $390.1 million. (Continuing operations exclude results from Esterline’s Pressure Systems subsidiary, divested on September 8, 2010, and its Muirhead Aerospace subsidiary, divested on November 3, 2008.)
Read more: www.esterline.com
