Curtiss-Wright to Acquire Teletronics Technology Corporation

Curtiss-Wright Corporation announced that it has agreed to acquire Teletronics Technology Corporation (TTC) for $233 million in cash.  Based in Newton, Pennsylvania, TTC is a designer and manufacturer of telemetry systems including data analysis units, sensors, receivers, and ground station analysis tools used to measure, record, transmit, and analyze aircraft and munitions parameters during test flights.  With approximately 225 employees, TTC is involved in more than 140 programs including those supporting the F-35 and F-18.  The company is projected to generate revenues of $65 million in 2016.  The deal is expected to close in early 2017.