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  • Friday, April 26, 2024

Curtiss-Wright Closes $233M Teletronics Buy in Data Acquisition Tech Push


Curtiss-Wright (NYSE: CW) has concluded its $233 million cash acquisition of Teletronics Technology Corp. as part of efforts to expand data acquisition technology offerings and geographic footprint.

Both companies first announced the deal in early December.

Newtown, Pennsylvania-based TTC will integrate into Curtiss-Wright’s defense segment and continue to offer high-technology data acquisition and flight test instrumentation systems across the aerospace defense market, Curtiss-Wright said Wednesday.

David Adams, Curtiss-Wright president and CEO, said last month the deal aligns with the company’s acquisition strategy and long-term financial objectives.

TTC develops data analysis units, ground station analysis tools, receivers, sensors and transmitters intended to help customers analyze aircraft and munitions parameters for test flights.

Curtiss-Wright expects the transaction to be accretive to its 2017 earnings per share.

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