Goodrich is selling its avionics unit to L-3 Communications

Edited by James E. Swickard March 01, 2003
Goodrich is selling its avionics unit to L-3 Communications for $188 million to help repay the $1.5 billion bridge loan it used to purchase TRW's Aeronautical Systems business in 2002. Avionics Systems had approximately $100 million in sales in 2002 and produces avionics for general aviation...

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