Esterline Corp. reached agreement yesterday to acquire Canada's CMC Electronics for approximately $335 million. The Bellevue, Wash.-based company said the all-cash transaction "significantly expands the scale" of its existing avionics and controls business. Privately held CMC recently was selected by Embraer to provide an electronic flight bag for the Brazilian manufacturer's line of regional jets. In addition to EFBs it supplies a range of electronics products for aviation including antenna ...

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